ETFs' $6.35B Bitcoin Bonfire Burns Brightest in 30 Days 📉

US spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024, shedding $6.35 billion over a trailing 30 trading days, according to Galaxy Research. The figure ranks first across all 582 rolling 30-day windows tracked by the firm. The outflows mark six consecutive weeks of withdrawals, bringing cumulative net flows to $53.4 billion, down from a $63 billion peak in October 2025. Galaxy Research noted that daily outflows are "still deepening day over day."

BlackRock's IBIT led the 30-day bleed with $4.51 billion in outflows, though the fund has still pulled in $62.1 billion since launch. Grayscale's GBTC shed a further portion of its holdings, bringing its lifetime outflows to $27 billion; the product charges a 1.5% fee compared with IBIT's 0.25%. Morgan Stanley's MSBT drew $1.25 billion in inflows over the same period, while the spot Solana [SOL] ETF recorded $113.34 million in net inflows. Ripple [XRP] and Hype [HYPE] ETFs also posted monthly inflows. Separately, Franklin Templeton filed with the US Securities and Exchange Commission to launch the Franklin US Equity Bitcoin DRIP Index ETF, designed to replicate the VettaFi US Large-Cap 500 Bitcoin DRIP Index.

Bitcoin [BTC] was trading near $64,167 at the time of writing, down 17.4% over the past month and roughly 49% below its record $126,080 reached on October 6, 2025. BlackRock US head of equity ETFs Jay Jacobs told Cointelegraph that single-day outflows can stem from varied 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 BlackRock's iShares Bitcoin Premium Income ETF (BITA), which launched during the period. He added that volatility has not shifted BlackRock's view of Bitcoin. "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," Jacobs said.

The selling pressure has coincided with rising exchange deposits. CryptoQuant data shows the average monthly inflow of Bitcoin into Binance climbed to roughly 7,600 BTC (about $475 million at press-time prices), up from 3,880 BTC in April. Comparable surges occurred in November 2025 (9,000 BTC) and February (8,800 BTC), following declines to $84,000 and $60,000 respectively. Bitcoin's Binary Coin Days Destroyed posted a reading of 1, indicating movement of long-dormant coins, while exchange reserves totaled $240.8 billion across the market.

The pace of withdrawals has cooled. 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 23, US spot Bitcoin ETFs recorded an outflow of roughly $113.78 billion, marking back-to-back daily outflows against an overall spot market netflow of $30.56 million. On June 18, IBIT's $96.7 million redemption outweighed the combined outflow of the rest of the complex, per SoSoValue data.