U.S. spot Bitcoin ETFs recorded a massive $635 million outflow just as Bitcoin crashed below the key $80,000 support level, marking the biggest one-day institutional exit since February. The sudden selloff followed hotter-than-expected U.S. inflation data, raising fears that Wall Street may be taking profits after the recent rally.
On May 13, U.S. spot Bitcoin ETFs saw a combined net outflow of roughly $635 million, marking the largest single-day withdrawal since January 29. The biggest selling pressure came from BlackRock’s IBIT fund, which alone recorded nearly $285 million in outflows.
The latest drop followed another $233.2 million ETF outflow one day earlier, showing institutional sentiment weakened rapidly within just 48 hours.
The selloff accelerated after the latest U.S. CPI inflation report came in hotter than expected. Inflation rose 3.8% year-over-year, above the market forecast of 3.7% and sharply higher than the previous 3.3% reading.
That immediately increased fears that the Federal Reserve may delay interest rate cuts even longer.
According to Glassnode data, the 7-day moving average of U.S. spot ETF flows dropped to negative $88 million per day, the weakest level since mid-February.
However, analysts highlighted one important difference this time. February’s outflows happened during market weakness, while the latest selling happened while Bitcoin was still trading relatively strong near $80K.
That suggests some institutional participants may have used the recent BTC recovery rally as an exit opportunity rather than panic-selling during fear.
Another key pressure point sits near the estimated ETF holder cost basis around $82,100.
Meanwhile, Bitcoin price failed to hold above the $81,000 resistance zone and later dropped below the important $80K support level.
The broader crypto ETF market also slowed significantly. Ethereum ETFs recorded another $36 million in outflows, extending their losing streak to three straight trading sessions with total withdrawals nearing $184 million.
ETH price currently trades near $2,267, down roughly 1.6% over the last 24 hours.
Meanwhile, XRP ETFs remained mostly flat recently after recording several zero-flow sessions this month. However, XRP funds still attracted $25.8 million in inflows earlier this week, marking one of their strongest inflow days of 2026.
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