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US Bitcoin ETF outflows hit $2.1 billion in June, led by IBIT

US Bitcoin ETF outflows hit $2.1 billion in June, led by IBIT

US spot Bitcoin ETFs logged $2.1 billion in June outflows and a fifth straight weekly decline, with BlackRock’s IBIT leading withdrawals while Fidelity’s FBTC posted inflows.

BTC
XRP
HYPE

Fact Check
The headline figures are corroborated by multiple independent sources. Decrypt directly confirms US Bitcoin ETFs shed $2.1 billion in June 2026 'pacing' May's $2.4 billion outflows. Schwab and Protos independently confirm the $2.4 billion May net outflow. The IBIT $401.4 million figure is, per the originating Kobeissi Letter post, a weekly outflow (IBIT's 5th consecutive weekly outflow), not a single-day figure — the claim text omits this 'this week' qualifier but the number is consistent with the source. The phrase 'on track to top May's $2.4 billion' reflects the 'pacing' characterization in sources rather than a confirmed final total, so it is a reasonable projection. Overall the claim accurately summarizes the reported data.
Summary

US spot Bitcoin ETFs have recorded $2.1 billion in net outflows so far in June, putting the month on pace to exceed May’s $2.4 billion in withdrawals. During the June 8-12 trading week, the funds posted a combined $316 million net outflow, marking a fifth consecutive weekly decline. BlackRock’s IBIT, the largest spot Bitcoin ETF, led the pullback with $401.4 million in outflows over the broader June period and $355 million for that week, while Fidelity’s FBTC led weekly inflows with $55.70 million. As of publication, total net assets stood at $79.65 billion and cumulative net inflows reached $53.62 billion, according to SoSoValue. One report said the weakness may reflect some institutional rotation toward altcoins such as XRP and HYPE, but framed that as an interpretation of flow data rather than a confirmed cause.

Terms & Concepts
  • spot Bitcoin ETF: Fund that holds Bitcoin directly.
  • net outflow: A period in which more money leaves an investment fund than enters it.
  • altcoins: Cryptocurrencies other than Bitcoin.