- U.S. spot Bitcoin ETFs saw a record $6.35 billion in 30-day net outflows, the largest since launch in January 2024.
- A 13-day withdrawal streak removed about $4.4 billion as Bitcoin fell to four-month lows near $60,000.
- Despite recent redemptions, spot Bitcoin ETFs still hold more than $53 billion in cumulative net inflows.
Bitcoin ETFs recorded their largest 30-day net outflow on record, with $6.35 billion leaving U.S. spot Bitcoin funds over the latest period, according to Galaxy Research. The withdrawals came as Bitcoin’s price fell 17% in one month, driven by redemptions from institutional investors between May and June across multiple ETF products including major funds as BlackRock’s IBIT and Fidelity’s FBTC.
ETF Outflows Reach Record Levels
According to Galaxy Research, the latest 30-day period ranked first among 582 rolling windows tracked by the firm. The data showed U.S. spot Bitcoin ETFs recorded net outflows of $6.35 billion, marking the largest withdrawal period since the products launched in January 2024.
The recent selling followed a 13-day outflow streak from May 15 through June 3. During that period, investors removed about $4.4 billion from the funds. The amount represented around 59,400 BTC based on Bitcoin prices during the period.
However, the outflows later slowed, with ETFs recording a small $3 million net inflow around June 4 and June 5. Weekly withdrawals continued afterward, including one week with $1.7 billion in net redemptions.
Major Funds See Heavy Withdrawals
The largest withdrawals came from the biggest spot Bitcoin ETF products. BlackRock’s IBIT and Fidelity’s FBTC recorded the highest daily redemptions during the recent outflow period.
Bitcoin also declined during the same timeframe, reaching four-month lows between $60,000 and $61,300 in early June. The price movement occurred alongside weaker ETF demand and continued investor withdrawals.
According to Bloomberg ETF analyst Eric Balchunas, the outflow levels represented “noise” within normal ETF activity. The comments came as the market tracked the size and pace of recent redemptions.
Institutional Flows Lose Momentum
The latest withdrawals reduced cumulative net ETF flows to $53.4 billion from a peak of $63 billion in October 2025. Despite the recent decline, spot Bitcoin ETFs had recorded more than $50 billion in total net inflows since January 2024.
Before the May-June selling period, year-to-date ETF flows in 2026 remained close to breakeven. The latest data showed institutional demand had weakened as investors reduced exposure through ETF products.