US Spot Bitcoin ETFs See Record $4.06 Billion in Monthly Outflows as Hopes for Institutional Demand Recovery Fade

US spot Bitcoin exchange-traded funds have posted more than $4 billion in outflows so far this month, marking the largest monthly net withdrawal on record.

CoinDesk reported on June 29, citing SoSoValue data, that cumulative net outflows from US spot Bitcoin ETFs totaled $4.06 billion this month. That exceeds the previous monthly record of $3.56 billion set in February 2025.

Outflows for last week alone reached about $1.79 billion, the second-largest weekly total since the funds began trading in January 2024. The final monthly figure could change slightly depending on the last two trading days of June.

The exodus contrasts with expectations earlier this month. After SpaceX carried out its initial public offering on June 12, some investors had expected institutional demand for spot Bitcoin ETFs to revive, but heavy redemptions followed instead.

Spot Bitcoin ETFs are a key gauge of demand from institutional investors that want regulated exposure to Bitcoin without directly holding the digital asset.