U.S. spot Bitcoin ETFs posted their largest and longest withdrawal streak on record, with $3.45 billion pulled across 11 consecutive sessions ending June 2. Bitcoin plunged below $66,000 for the first time since April as institutional capital rotated into an AI-driven equities rally pushing global stocks to all-time highs.
U.S. spot Bitcoin ETFs posted their largest and longest withdrawal streak on record, with $3.45 billion pulled across 11 consecutive sessions ending June 2. Bitcoin plunged below $66,000 for the first time since April as institutional capital rotated into an AI-driven equities rally pushing global stocks to all-time highs.
U.S. spot Bitcoin ETFs have logged a record 11 consecutive sessions of net outflows totaling $3.45 billion, according to SoSoValue data cited by CoinDesk. The streak, which began May 15, surpassed the previous record of 8 consecutive days set in February 2025. The single worst day saw $1.1 billion exit the funds.
Bitcoin fell 6.4% to a 24-hour low of $65,708 on June 3, marking a 12.3% decline on the week. Ethereum broke below $1,900, and Solana's SOL fell 9% to $73.25. The MSCI All Country World Index set a fresh all-time high the same day, driven by semiconductors and AI.
The divergence between crypto and equities is the story. Global stocks hit fresh records on an AI rally — the Philadelphia Semiconductor Index rallied 6% to all-time highs — while Bitcoin suffered its worst institutional exodus since ETF launch. Charles Schwab analyst Jim Ferraioli noted that Bitcoin is 'losing its status as the market's dominant momentum trade' as capital rotates to AI, IPOs, and other momentum plays.
Strategy (MSTR) also disclosed its first Bitcoin sale since December 2022 — 32 BTC (~$2.5M) — adding a symbolic blow to the narrative. CryptoQuant warned that 'ETF and corporate treasury accumulation has slowed markedly,' suggesting the primary demand source behind Bitcoin's rally may be fading.
The Federal Reserve's June statement removed language about 'progress toward the 2% target,' with two voting members suggesting rate cuts could be pushed into 2027. The 10-year Treasury yield climbed 18 basis points to 4.82%, increasing the opportunity cost of holding non-yielding Bitcoin.
Securitize (NYSE: SECZ, ~$5B AUM) launched Securitize Stocks today at 13:00 UTC: 12 tokenized US mega-caps — including Apple, Microsoft, Nvidia, Tesla, Circle, Strategy and Palantir — each backed 1:1 by a real share, settling in USDC on Solana with Jump Trading running the proprietary AMM and clearing firm RQD* handling custody and settlement. It is the first product live under the SEC's five-year Innovation Exemption for onchain stock trading, granted September 17.
Anthropic's much-anticipated IPO prospectus — reported in detail by Reuters and the Financial Times — pursues a $2 trillion valuation while disclosing a $42 billion net loss for 2025 and plans to spend $518 billion on cloud, computing, and infrastructure in the coming year. Roughly 80 of the filing's 261 main-body pages cover risk factors, including that advanced AI could pose 'catastrophic or existential risks to humanity,' versus 48 pages describing the business. Nvidia separately disclosed that Anthropic has more than $180 billion in contracted compute commitments — 2.5GW of Nvidia infrastructure shipping through 2028.
Nvidia's board authorized an additional $150 billion in share repurchases on Monday — which the company says is the largest single authorization increase ever announced by a public company — lifting total remaining buyback capacity to $235 billion, expected to be spent through fiscal 2028. NVDA rose 2.8% to a $5.42 trillion market cap as Jensen Huang called AI 'a once-in-a-generation platform shift.'