Record $4.5B outflows from US spot Bitcoin ETFs in June

Investors withdrew a record $4.5 billion from U.S.-listed spot bitcoin exchange-traded funds in June, marking the largest monthly outflow since the products launched in January 2024. The withdrawals accelerated significantly, with the majority concentrated in BlackRock’s iShares Bitcoin Trust (IBIT), which accounted for approximately $3.55 billion, or 79%, of the total June outflows.

The sustained selling pressure, now in its seventh consecutive week, has removed a key source of institutional demand and contributed to bitcoin's price struggles. The cryptocurrency closed the second quarter of 2026 at approximately $60,000, a 14.1% decline for the quarter and a more than 30% drop year-to-date. Bitcoin has fallen over 50% from its all-time high recorded in October 2025.

The record ETF outflows occurred alongside broader market pressures. Analysts pointed to macroeconomic headwinds, including a strengthening U.S. dollar that increased the cost of dollar-denominated assets for international buyers. Market sentiment was further dampened by an announcement from MicroStrategy, the largest corporate bitcoin holder, which disclosed it may divest over $1 billion from its holdings to...