CryptoQuant: Bitcoin ETFs Post Record Outflows of 100,000+ BTC in 2026 as Losses Top $11 Billion

Bitcoin exchange-traded funds (ETFs) are facing their deepest drawdown on record as persistent selling and a prolonged downturn in the cryptocurrency market continue to weigh on institutional holdings.

According to CryptoQuant analyst Darkfost, ETF providers have seen more than 100,000 BTC leave their reserves in 2026 alone—the first time annual outflows have crossed that threshold since spot Bitcoin ETFs were introduced. The sustained selling has significantly reduced total ETF holdings from their peak levels.

Since reaching an all-time high in October 2025, Bitcoin ETF reserves have declined by more than 160,000 BTC, the analyst said. He estimated the drawdown has pushed unrealized losses beyond $11 billion, marking the deepest loss on record for the sector. With the average realized acquisition price near $73,000, many ETF-held Bitcoin positions are now underwater amid the ongoing market weakness.

Source: CryptoQuant