Investors have pulled approximately $4 billion from U.S.-listed spot bitcoin ETFs in June, setting a new record for monthly outflows.
According to SoSoValue, net redemptions have reached $4.06 billion so far this month, surpassing the previous peak of $3.56 billion recorded in February 2025.
Outflows accelerated last week, with roughly $1.79 billion withdrawn—marking the second-largest weekly redemption since spot ETFs began trading in January 2024. Final figures may still adjust slightly depending on flows in the remaining sessions.
The sharp withdrawals contrast with early-month expectations of renewed demand following SpaceX’s IPO on June 12.
Spot bitcoin ETFs are widely viewed as a proxy for institutional sentiment, offering regulated exposure to bitcoin without requiring direct ownership of the asset.
June’s losses follow $2.43 billion in net outflows in May, bringing total withdrawals over the past two months to nearly $6.5 billion—roughly in line with the market value of zcash (ZEC), one of the top 15 cryptocurrencies by capitalization.
On a year-to-date basis, net outflows stand at about $5 billion for the first half of 2026.
The weakening institutional demand is reflected in bitcoin’s performance, with prices down roughly 30% over the period, underperforming most major asset classes. The only notable laggard has been Strategy (MSTR), whose shares have fallen around 45%.
