U.S. spot Bitcoin ETFs post record June outflows as losing streak reaches eight days
June net redemptions reached $4.3 billion after a $1.79 billion June 22-26 weekly outflow and a further $231 million withdrawal on June 29, with BlackRock’s IBIT leading outflows.
U.S.-listed spot Bitcoin ETFs recorded $231 million in net outflows on June 29, extending their losing streak to eight consecutive trading days and lifting June net redemptions to $4.3 billion, the worst month on record. Earlier reporting had put June outflows at $4.06 billion, already above the previous monthly high of $3.56 billion set in February 2025. The funds also posted $1.79 billion in net outflows during the June 22-26 trading week, with BlackRock’s IBIT leading withdrawals, while some products including ARKB, GBTC and Grayscale Bitcoin Mini Trust BTC still drew inflows. Market observers including Glassnode co-founder Rafael said ETF outflows and limited buying by digital asset treasury companies have left Bitcoin under net supply pressure.
- spot Bitcoin ETF: An exchange-traded fund that directly holds Bitcoin to provide regulated market exposure.
- net outflows: A period when investor withdrawals from a fund exceed new inflows.
- net supply pressure: A market condition in which selling or new supply outweighs demand, making price rebounds harder to sustain.