BTC slides to $74,300 as investors pull $2.26 billion from spot ETFs in just two weeks.

U.S.-listed spot Bitcoin exchange-traded funds have recorded more than $2.26 billion in net outflows over the past two weeks, underscoring growing pressure across the crypto market.

Bitcoin (BTC) continues to face heavy selling pressure as investors withdraw capital from spot ETF products. The leading cryptocurrency briefly declined to $74,305 early Saturday, its lowest level since April 20, according to CoinDesk data. At the time of writing, BTC was down more than 3% over the past 24 hours and nearly 10% below its recent peak above $82,500 reached on May 6.

The downturn has coincided with rising U.S. Treasury yields and higher government bond yields across developed economies, which is reducing demand for non-yielding risk assets such as Bitcoin.

ETF flow data reflects the scale of the move, with $1.26 billion in outflows this week alone—the largest weekly withdrawal since January—following approximately $1 billion in redemptions in the prior week.

Elsewhere, commodities including oil, copper, and sulfur have attracted stronger speculative inflows as markets price in potential supply disruptions linked to escalating tensions around the Strait of Hormuz amid the ongoing Iran conflict.

Some analysts also point to broader capital rotation in markets, suggesting funds may be shifting toward anticipated opportunities such as SpaceX’s upcoming IPO. Blockchain-based pre-market derivatives tied to the listing have already seen increased trading activity across decentralized platforms.