Trending Now - Bitcoin ETF Withdrawals Surge as BTC Dips Below $80K

WHO:

NewsBTC - An early Ethereum investor who spent approximately $120 during the 2015 ETH presale.

Cointelegraph - Bitcoin ETFs, BlackRock’s IBIT

WHAT:

NewsBTC - The investor moved 400 ETH, worth roughly $900,000 at current prices, in a transaction flagged by Arkham.

Cointelegraph - Bitcoin ETFs experienced $635 million in outflows, marking the largest outflow since late January.

99 Bitcoins - Bitcoin ETFs saw outflows of $630 million.

WHERE:

Cointelegraph - The events pertain to Bitcoin ETFs, which are investment funds that hold Bitcoin.

WHEN:

Cointelegraph - The outflows occurred on a Wednesday.

WHY:

Cointelegraph - The outflows were attributed to profit-taking and fluctuations in Bitcoin's price near $80,000.

HOW:

NewsBTC - The wallet sent 50 ETH to a new address and deposited 350 ETH directly to Bitstamp, indicating a partial or full liquidation of a position held for over ten years.

Cointelegraph - The redemptions were led by BlackRock’s IBIT.

(UPDATED May 14, 2026 17:35 UTC)

An early Ethereum investor, who originally spent about $120 during the 2015 ETH presale, recently moved 400 ETH, which is valued at approximately $900,000. This transaction, flagged by Arkham, involved sending 50 ETH to a new address while depositing 350 ETH directly to Bitstamp, suggesting a partial or full liquidation of a position held for over ten years. The move highlights significant activity in the cryptocurrency market as investors adjust their holdings.

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(UPDATED May 14, 2026 15:50 UTC)

Bitcoin ETFs experienced significant outflows recently, with reports indicating a total of $635 million withdrawn, marking the largest outflow since late January. This trend, attributed to profit-taking and fluctuations in Bitcoin's price near $80,000, was notably led by BlackRock’s IBIT. The outflows occurred on a Wednesday, reflecting a notable shift in investor sentiment towards these investment funds that hold Bitcoin.