Bitcoin ETF outflows exceed 100,000 BTC in 2026

The outflow from US Bitcoin spot ETFs has reached a historic low. For the first time since these products were introduced, more than 100,000 BTC have left ETF providers’ reserves in a single year, namely 2026. If you count from the all-time high of Bitcoin held by these parties in October 2025, it even amounts to more than 160,000 BTC that have entered the market. Total losses are estimated at over $11 billion, an absolute record.

Bitcoin is available at OKX and Bybit.

Biggest drawdown ever for Bitcoin ETFs

Analyst Darkfost shares via X data from CryptoQuant showing that the net cumulative inflow of Bitcoin ETFs in 2026 sinks deeper than in all previous years. While 2024 and 2025 were still reasonably stable, the chart for 2026 shows an almost uninterrupted decline towards 100,000 BTC in net outflow. That threshold has now been passed.

The drawdown compared to the all-time high is therefore the largest that ETF products have ever experienced. Even big names like BlackRock are not immune. The market shows that even institutional parties with large positions are not immune to sustained selling pressure in a bear market.

Realised price of $73.000 puts holders underwater

An extra worrying signal is the so-called realised price of ETF holders, currently around $73.000. With a Bitcoin price of $59.000 at the moment, a drop of 0.7% in the last 24 hours, most ETF investors are therefore in loss. That is a situation that previously almost never occurred among this group of institutional investors.

The outflow does not seem to stop for now. Earlier, Blockchainstories reported that Bitcoin ETF outflows reached the third highest weekly record ever. The liquidity drain from these products weighs heavily on sentiment and puts further pressure on the Bitcoin price. As long as the price remains below the realised price, there is little reason for ETF holders to buy more.