Bitcoin ETF Rout Deepens With $4B Gone in Record-Breaking Slump

U.S.-listed spot bitcoin ETFs have recorded nearly $4 billion in outflows in June, setting a new monthly record.

According to SoSoValue, net redemptions have reached $4.06 billion so far, surpassing the previous peak of $3.56 billion in February 2025.

Outflows accelerated last week, with approximately $1.79 billion withdrawn—marking the second-largest weekly outflow since trading began in January 2024. Final figures may still adjust slightly based on activity in the remaining sessions.

The sharp withdrawals run counter to earlier expectations of renewed inflows following SpaceX’s IPO on June 12.

Spot bitcoin ETFs are widely tracked as a proxy for institutional demand, offering regulated exposure to bitcoin without requiring direct ownership.

June’s losses come on top of $2.43 billion in outflows in May, bringing the two-month total to nearly $6.5 billion—roughly equivalent to the market capitalization of zcash (ZEC).

On a year-to-date basis, net outflows stand at around $5 billion for the first half of 2026.

The decline in institutional demand is reflected in bitcoin’s performance, with prices down about 30% over the period, underperforming most major asset classes. Strategy (MSTR) shares have dropped even further, falling roughly 45%.