US Spot Bitcoin ETFs See Record $4.5 Billion June Outflows
US spot Bitcoin ETFs posted about $4.5 billion in net outflows in June, their weakest month since launch in January 2024. Year-to-date flows remain positive, so the broader ETF trend has not fully reversed, but the month showed that institutional demand was not immune to Bitcoin’s sharp decline. BTC fell more than 20% in June, and ETF assets under management dropped from roughly $83 billion to $71 billion. BlackRock’s IBIT accounted for most of the selling, with about $3.55 billion in redemptions, or nearly 79% of total outflows. The main takeaway is that spot Bitcoin ETFs can strengthen rallies through inflows, but they can also intensify weakness when redemptions accelerate. Future daily and weekly flow data will help show whether June was a temporary reset or the start of broader institutional de-risking.
