Bitcoin ETFs Bleed $6.35B in 30 Days — Even IBIT Couldn't Stanch the Flow 🩸

US-listed spot Bitcoin exchange-traded funds posted their largest 30-day net outflow on record, with $6.35 billion in net redemptions over the trailing 30 trading days, according to Galaxy Research. The figure ranks first across all 582 rolling 30-day windows tracked by Galaxy and marks the heaviest stretch since the funds launched in January 2024. US spot Bitcoin ETFs have now logged six consecutive weeks of outflows, bringing cumulative net inflows to $53.4 billion, down from a peak of $63 billion in October 2025. Galaxy Research said the daily outflows are "still deepening day over day."

The selling has been uneven across the complex. BlackRock's IBIT led with $4.51 billion in outflows over the 30-day period, while Morgan Stanley's MSBT stood out on the other side with $1.25 billion in inflows. BlackRock's IBIT has still pulled in $62.1 billion in cumulative net inflows since launch, while Grayscale's higher-fee GBTC has shed $27 billion, per Farside Investors data. The shift comes as Bitcoin ($BTC) trades near $64,167, down 17.4% over the past month and roughly 49% below its record of $126,080 set on October 6, 2025. Macroeconomic factors cited include elevated US inflation, rising Treasury yields, diminished expectations for rate cuts and ongoing US-Iran conflict.

BlackRock US head of equity ETFs Jay Jacobs told Cointelegraph on Thursday that daily outflows can stem from a wide range of investor activity. "What I think is maybe sometimes misunderstood by the market is that if we see a day of outflows, there could be a million reasons why. It could be someone selling IBIT and buying BITA," Jacobs said, referring to the iShares Bitcoin Premium Income ETF (BITA), which launched on Wednesday. Jacobs added that volatility has not changed BlackRock's view of Bitcoin as a global, decentralized, nonsovereign monetary alternative. "Every asset class has volatility… we have over 450 exchange-traded funds within iShares. So we see inflows and outflows every day across a wide range of assets from large cap, small cap, Bitcoin, gold, etc. So in the short term, it's absolutely not something that changes the way we view the asset or the utility of the asset," he said.

The pace of redemptions has cooled sharply even as the cumulative figure worsened. Weekly outflows fell 87% from their early-June peak, dropping from $1.72 billion in the week ending June 5 to about $226 million last week, according to Farside Investors data. On June 18, IBIT accounted for $96.7 million in outflows, outweighing the combined activity of the rest of the complex, per SoSoValue. Outside Bitcoin, the Solana ($SOL) ETF recorded $113.34 million in inflows over the same 30 days, while the Ripple ($XRP) and Hyperliquid ($HYPE) ETFs also saw inflows. Separately, Franklin Templeton filed with the US Securities and Exchange Commission to establish the Franklin US Equity Bitcoin DRIP Index ETF, designed to replicate the VettaFi US Large-Cap 500 Bitcoin DRIP Index.