U.S. spot bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since their launch in January 2024, according to data from SoSoValue.
The previous record was $3.48 billion in February 2025. June’s figure surpassed that figure by 29%.
BlackRock’s IBIT, the largest fund by assets, accounted for $3.55 billion of the monthly total alone, including $212 million on June 30, the ninth consecutive day of net outflows. Total ETF assets have fallen to about $71 billion from about $83 billion at the beginning of the month.
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Two events may have set the streak in motion. SpaceX debuted on June 12 and within days had absorbed billions in venture capital; Retail purchases on its first day of trading broke all single-session records and the offering raised $75 billion in total.
Five days later, Kevin Warsh’s first Federal Reserve meeting as chairman reversed the dot plot to the upside, taking rate cuts off the table and giving institutions a reason to reduce exposure to volatile assets.
