Bitcoin ETFs Bleed $6.35B in 30 Days While BTC Forgets Where It Put Its Mojo 📉

U.S. spot Bitcoin exchange-traded funds recorded $6.35 billion in net outflows over the trailing 30 trading days, the largest 30-day net redemption since the products launched in January 2024, according to Galaxy Research. The figure ranks first across all 582 rolling 30-day windows tracked by the firm, which said daily outflows are "still deepening day over day." Over the same stretch, the funds registered their sixth straight week of withdrawals, with weekly redemptions easing from $1.72 billion in the week ending June 5 to roughly $226 million last week, Farside Investors data shows. Cumulative net inflows across U.S. spot Bitcoin ETFs have fallen to $53.4 billion, down from a $63 billion peak in October 2025.

Bitcoin was trading at $64,167 at the time of writing, down 17.4% over the past month and roughly 49% below the $126,080 record set on October 6, 2025, according to BeInCrypto. The pullback has coincided with macro headwinds including higher U.S. inflation, a tightening Treasury complex, and the ongoing war between the U.S. and Iran. Total net assets across U.S. spot Bitcoin ETFs slipped to about $72.6 billion as of Friday, a roughly 57% decline from the $169.5 billion October 2025 high, per SoSoValue. WalletPilot data shows the funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days.

June is on pace to be the worst month on record for the products, with about $4.06 billion in net outflows so far this month, exceeding the previous monthly high of $3.56 billion set in February 2025. June's outflows followed $2.43 billion in net redemptions in May, bringing the two-month total close to $6.5 billion. BlackRock's IBIT absorbed the heaviest damage, with $4.51 billion in outflows over the 30-day stretch, while Morgan Stanley's MSBT pulled in $1.25 billion. IBIT itself has still drawn $62.1 billion in cumulative inflows since launch, while Grayscale's GBTC has shed $27 billion.

BlackRock U.S. head of equity ETFs Jay Jacobs told Cointelegraph that outflows should not be read as a verdict on the asset. "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, referencing the firm's iShares Bitcoin Premium Income ETF (BITA), which launched Wednesday. "Every asset class has volatility… we have over 450 exchange-traded funds within iShares," he added. "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."

Selling pressure has not been limited to ETFs. CryptoQuant data shows the average monthly inflow of Bitcoin into Binance climbed to roughly 7,600 BTC in June, up from 3,880 in April. Total exchange reserves across the market rose to $240.8 billion, up about $229 million between June 22 and press time. Bitcoin's Binary Coin Days Destroyed indicator printed a reading of 1, indicating that long-term holders have begun moving coins. Strategy, the largest corporate Bitcoin holder, has bought only about 3,600 BTC so far in June, down from roughly 25,000 BTC in May and more than 50,000 BTC in April, with the company conducting a rare net sale of 32 BTC earlier in the month.