US Bitcoin spot ETFs kicked off June with heavy redemptions, extending a bearish streak that intensified in May as investors pulled back amid rising macroeconomic uncertainty. Data from SoSoValue shows the suite of Bitcoin spot ETFs recorded roughly $1.72 billion in net outflows between June 1–5 as prices slid to about $60,000. That follows May’s painful run of withdrawals—$2.43 billion in net outflows—signaling continued institutional caution. Over the past 15 trading sessions the funds saw just one day of positive flows (a modest $3.05 million on June 4), underlining the dominant selling pressure among large investors. Fund-level movers - BlackRock’s IBIT bore the brunt of the selling, with $1.34 billion in net redemptions for the week. - Fidelity’s FBTC saw $201.92 million pulled. - Grayscale’s GBTC lost $144.36 million. - Smaller, but notable outflows hit Invesco’s BTCO ($12.65 million), Bitwise’s BITB ($15.57 million), and ArkInvest/21Shares ($49.71 million). - Grayscale’s BTC, Valkyrie’s BRRR, WisdomTree’s BTCW, and Hashdex’s DEFI registered no net flows over the period. - Only two funds attracted fresh capital: VanEck’s HODL added $4.22 million and MSBT took in $35.05 million. Broader picture Despite the recent withdrawals, cumulative net inflows into Bitcoin spot ETFs since launch remain large at $53.94 billion. Total net assets across Bitcoin spot ETFs sit at $75.12 billion, though that figure dropped 20.19% in the last week as NAVs declined with the market. Ethereum spot ETFs also felt the chill. Collectively they logged about $168 million in outflows last week, pushing combined net assets down from $11.78 billion to $9.78 billion. Market context Institutional investors appear to be de-risking as macro uncertainty ramps up—pressure that’s reflected in both fund flows and price action. At press time Bitcoin traded at $61,592, up roughly 2% over the prior 24 hours after the week’s dip; Ethereum was changing hands near $1,612 after bouncing from a cycle low near $1,500. Takeaway The data points to a cautious institutional cohort: despite massive cumulative inflows since ETF launches, recent weeks show a clear rotation out of crypto ETFs as macro volatility and price weakness prompt fresh redemptions. Expect flows to remain sensitive to macro headlines and short-term price moves.
Bitcoin Spot ETFs See $1.72B in Redemptions in Early June
ChainGPTShare
Summary
Bitcoin news reports $1.72 billion in net outflows for US spot ETFs from June 1–5, continuing a downtrend seen in May. BlackRock’s IBIT saw $1.34 billion in redemptions, with Fidelity’s FBTC at $201.92 million. VanEck’s HODL and MSBT were the only funds to gain, with inflows of $4.22 million and $35.05 million. Ethereum ETFs lost $168 million, bringing total assets to $9.78 billion. Bitcoin ETF inflows since launch remain at $53.94 billion.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.