Record $4 Billion Withdrawn from Bitcoin ETFs in June

Investors pulled a record $4 billion from U.S.-listed spot bitcoin ETFs in June, highlighting a significant downturn in institutional interest.

In June 2026, U.S. spot bitcoin exchange-traded funds (ETFs) experienced net outflows of approximately $4.06 billion, the highest monthly withdrawal since their introduction. This substantial outflow surpasses the previous record of $3.56 billion set in February 2025.

During the last week of June alone, redemptions amounted to around $1.79 billion, marking the second-largest weekly outflow since the trading of these ETFs began in January 2024. This trend contradicts earlier expectations of increased demand following the IPO of SpaceX on June 12.

Spot bitcoin ETFs are crucial for institutional investors seeking regulated exposure to bitcoin without directly holding the cryptocurrency. The recent withdrawals follow a total of $2.43 billion in net redemptions from May, resulting in nearly $6.5 billion withdrawn over the last two months. This figure is comparable to the market valuation of zcash (ZEC), one of the leading cryptocurrencies.

So far in 2026, net outflows from these ETFs are nearing $5 billion. This decline in institutional investment has also influenced bitcoin's market price, which has fallen approximately 30% in the first half of the year, performing poorly compared to most major asset classes. Shares of MicroStrategy, a public company that holds bitcoin, have dropped by 45% during the same period.