Bitcoin ETF · SpaceX · Bitcoin · The Block
Spot bitcoin ETFs record worst month since debut, shedding $4.5 billion in June
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Spot bitcoin (BTC) exchange-traded funds in the U.S. saw $4.5 billion in net outflows in June, marking their largest monthly withdrawal since the products launched in January 2024.
Key facts
- Total net assets across the U.S. spot bitcoin ETFs have declined to roughly $70.9 billion from peaks above $110 billion earlier in the year
- Bitcoin has fallen to trade at around $58,500, which is a level last consistently seen in September 2024, 's BTC price page
- Spot bitcoin (BTC) exchange-traded funds in the U.S. saw $4.5 billion in net outflows in June, marking their largest monthly withdrawal since the products launched in January 2024
- According to SoSoValue data, the ETFs reported another day of net outflows on June 30, worth $222.6 million, ending the month in a negative streak that has now extended to nine days
Summary
According to SoSoValue data, the ETFs reported another day of net outflows on June 30, worth $222.6 million, ending the month in a negative streak that has now extended to nine days. BlackRock's IBIT, the largest spot bitcoin ETF in net assets, accounted for the largest portion of the outflows, reporting $3.55 billion in outflows this month alone. "The ETF outflows appear to be driven primarily by a broader macro rotation rather than a deterioration in Bitcoin's long-term fundamentals," Paul Howard, senior director at Wincent, told The Block. Maxime Seiler, CEO of STS Digital, said that the record outflows stem from a "simple lack of fresh capital" following last year's heavy deployment into bitcoin and ETFs, alongside a significant capital rotation into the SpaceX initial public offering.