U.S. spot Bitcoin (BTC) ETFs recorded the largest monthly cash outflows since their inception, with a net withdrawal of $4.51 billion in June, according to SoSoValue data cited by Finbold on July 1.
Cash Flow Overview
The funds closed the month with a combined net asset value of roughly $70.95 billion. Over the past two months, investors have extracted a total of $6.94 billion from the Bitcoin ETF market, indicating a sharp shift in capital allocation.
Fund‑Specific Outflows
BlackRock’s iShares Bitcoin Trust (IBIT) led the exodus, posting a $3.55 billion net outflow in June and reducing its BTC holdings to $43.02 billion. Across a two‑month span, IBIT’s cash drain reached $4.96 billion, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) saw a June outflow of $456.63 million and a quarter‑long net withdrawal of $903.17 million.
Market Reaction
Amid the withdrawals, Bitcoin’s price slipped more than 19 % over the last 30 days, trading near $58,640 as investors gravitated toward AI‑related equities and the Space Exploration Technologies Corp. (NASDAQ: SPCX) IPO. The outflows underscore heightened investor sensitivity in the crypto market and suggest a rebalancing of blockchain‑focused portfolios.