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Spot Bitcoin ETFs log $114 million outflow, extending four-day streak

Spot Bitcoin ETFs log $114 million outflow, extending four-day streak

U.S. spot Bitcoin ETFs and spot Ethereum ETFs extended daily withdrawal streaks as Bitcoin fell below $60,000 amid tech-led risk-off pressure, persistent fund redemptions and weaker crypto sentiment.

BTC
ETH

Fact Check
WuBlockchain (citing SoSoValue) directly confirms the $114M outflow on June 23 and the four-day streak. The Kobeissi Letter confirms record 30-day Bitcoin ETF outflows (-$6.4B) and the fifth consecutive weekly crypto fund redemption. Search results show independent corroboration (Crypto Town Hall, RioTimes) of both the four-day streak and the record $6.4B figure. All four claim components are supported by primary and corroborating sources.
    Reference: 12
Summary

Spot Bitcoin ETFs recorded $114 million in net outflows on June 23, extending their withdrawal streak to four consecutive trading days, according to SoSoValue, while spot Ethereum ETFs lost $82.351 million for a fourth straight day of outflows. The ETF weakness came as Bitcoin slid more than 4% to as low as $59,023.98, its lowest level since Oct. 10, 2024 and the third time this year it has traded below $60,000. Broader fund-flow data pointed to sustained investor caution: U.S. Bitcoin ETFs saw $6.4 billion in outflows over the past 30 days, the largest such stretch on record, and had lost $182 million so far this week after $233 million of withdrawals last week. Crypto funds overall posted $116 million in net weekly outflows, extending a multweek redemption streak. Total assets in Bitcoin ETFs have fallen to $77.5 billion from about $113 billion at the end of last year.

Terms & Concepts
  • spot Bitcoin ETFs: Exchange-traded funds that hold or track Bitcoin directly through listed fund shares.
  • spot Ethereum ETFs: Exchange-traded funds that hold or track Ethereum directly.
  • net outflows: A period when more money leaves an investment fund than enters it.