The spot Bitcoin (BTC) exchange-traded funds (ETFs) from the United States have recorded a net cash outflow of more than $4 billion so far during the second quarter of 2026.
The U.S. Bitcoin ETFs have seen a total cash outflow of approximately $4.07 billion in Q2 so far, according to data from SoSoValue, analyzed by Finbold on June 26.
Notably, the U.S. Bitcoin ETFs closed April with a net cash inflow of around $1.97 billion. In May, the funds saw investors pull $2.43 billion. And so far in June, these baskets of securities have liquidated $3.61 billion in BTC.
As such, the U.S. Bitcoin ETFs have registered roughly $6.04 billion in outflows over the past two months. At press time, the funds had a total net asset of about $72.57 billion.
BlackRock’s IBIT leads Bitcoin ETFs in bleeding
So far in Q2, BlackRock’s iShares Bitcoin Trust (IBIT) has reported a net cash outflow of about $2.01 billion. Over the last two months, BlackRock’s IBIT has sold $4.02 billion, bringing total net assets to around $44.43 billion at press time.
Meanwhile, the Fidelity Wise Origin Bitcoin Fund (FBTC) sold $889.03 million over the past three months, thereby bringing its total net assets to $10.34 billion at the time of reporting.
BTC price outlook
BTC price has shown a strong correlation with net Bitcoin ETF flows, which explains its notable depreciation in 2026. With notable cash outflows in Q2 so far, the flagship coin has dropped to its lowest year-to-date (YTD) level of about $58,190 on Thursday, currently trading at $60,020.
In the near future, the BTC price outlook could be determined by ETF flows and the performance of AI stocks. Furthermore, Robbie Mitchnick, BlackRock’s head of digital assets, recently admitted that AI stocks have been sucking the oxygen out of non-AI core assets, as Finbold reported.