US Spot-Bitcoin ETFs See Record $4.06 Billion of June Outflows
Summary
- US spot-Bitcoin ETFs posted $4.06 billion in net outflows in June, marking the largest monthly net outflow on record.
- After $2.43 billion in net outflows in May, cumulative outflows reached $6.5 billion over the past two months and $5 billion in the first half of this year.
- As institutional demand weakened, Bitcoin prices fell about 30% in the first half of this year, while Strategy shares plunged about 45% over the same period.
Forecast Trend Report by Period
US spot-Bitcoin exchange-traded funds have posted more than $4 billion of outflows this month, the largest monthly net withdrawal on record.
CoinDesk reported on June 29 that US spot-Bitcoin ETFs have logged total net outflows of $4.06 billion so far in June. That exceeds the previous monthly record of $3.56 billion set in February 2025.
The funds also saw about $1.79 billion leave last week, the second-largest weekly net outflow since the products launched in January 2024. The final figure could still change depending on flows in the last two trading days of the month.
The outflows run counter to expectations earlier this month that institutional money would return to the market. In particular, the market had expected institutional demand to revive after SpaceX's initial public offering on June 12, but large-scale redemptions followed instead.
US spot-Bitcoin ETFs are considered a key gauge of institutional investors' appetite for Bitcoin.
The products recorded $2.43 billion of net outflows in May, bringing cumulative outflows over the past two months to about $6.5 billion. Net outflows for the first half of this year totaled about $5 billion.
Weaker institutional demand also weighed on Bitcoin prices. Bitcoin fell about 30% in the first half of this year, while shares of Strategy, a major corporate Bitcoin holder, plunged about 45% over the same period.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.