Bitcoin Faces Pressure as Record ETF Outflows Continue Despite AI-Fueled Stock Market Rally

Bitcoin remained under pressure heading into June as investors continued pulling money from U.S. spot Bitcoin exchange traded funds. The market recorded a record 10 consecutive trading sessions of net outflows, with approximately $2.97 billion leaving Bitcoin ETFs between May 15 and May 29.

The sustained withdrawals have raised concerns about weakening institutional demand, which played a major role in supporting Bitcoin’s rally over the past year. Total assets held by U.S. spot Bitcoin ETFs declined from $104.29 billion to $94.17 billion during the period.

AI Stock Rally Fails to Lift Cryptocurrency Prices

While global stock markets reached fresh highs, cryptocurrencies failed to benefit from the positive momentum. Strong investor interest in artificial intelligence companies pushed major equity indexes higher, with technology-related stocks leading gains across Asia and the United States.

At the same time, rising geopolitical tensions and stronger oil prices added uncertainty to financial markets. Brent crude oil climbed above $93 per barrel as progress on efforts to reopen the Strait of Hormuz remained limited.

Bitcoin and Ethereum Post Weekly Losses

Bitcoin fell 5% over the past seven days, while Ethereum recorded a similar decline. Ether investment products also experienced heavy pressure, extending their outflow streak to 14 consecutive sessions with roughly $2.6 billion leaving the sector.

One exception was HYPE, which gained nearly 19% during the week as investor interest continued to grow following the launch of a U.S. spot ETF linked to the token.