Analyst Lark Davis stated that most of the reasons are short-term, with the dominant driving force being Bitcoin's historical four-year market cycle.

Since May 15, spot Bitcoin ETFs have bled more than $3.4 billion across 11 straight trading sessions of net outflows, with BlackRock's IBIT leading the withdrawals, including a $440 million exit on June 1, according to Farside Investors.

Shares of Strategy (NASDAQ:MSTR | MSTR Price Prediction) are down 6% in early Monday trading, while Coinbase (NASDAQ:COIN) shares are off 5%. The selloff follows a weekend SEC filing showing Strategy executed its first Bitcoin sale since December 2022.

JPMorgan chief executive Jamie Dimon has issued a stark warning over president Donald Trump’s crypto market structure

Recent Bitcoin ETF outflows look dramatic in headlines, but Bloomberg Intelligence's Eric Balchunas says the broader adoption story remains intact.

Bitcoin’s expected volatility has fallen to the lowest level in nine months, as subdued trading and a shift in speculative interest away from the largest cryptocurrency dampen demand for options protection.