Bitcoin ETFs Bleed $4.5B in June as $BTC Stages Its Worst Month Since 2022 🩸

US-listed spot Bitcoin exchange-traded funds recorded $4.5 billion in net outflows during June 2026, the largest monthly redemption since the products launched in January 2024, according to SoSoValue data. The redemptions coincided with a 20.48% decline in Bitcoin over the month, its steepest monthly drop since June 2022, when BTC shed 37.28% during that cycle's collapse. June's outflows broke the prior monthly record of $3.56 billion set in February 2025. BlackRock's iShares Bitcoin Trust (IBIT) accounted for the bulk of the withdrawals, posting $3.55 billion in net outflows, roughly 79% of the category's total redemptions, per Farside Investors. The record monthly withdrawals pushed US spot Bitcoin ETFs to roughly $5.5 billion in year-to-date net outflows for 2026, reducing cumulative net inflows since launch to about $51.2 billion. Over a trailing 30-day window, Galaxy Research tracked $6.35 billion in net outflows, the deepest across all 582 rolling 30-day windows since the funds began trading. "Bitcoin ETFs set record 30d net outflow at -$6.35 billion over last 30 days (#1 across all 582 30d windows)," Galaxy Research wrote. 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.

The pressure has spread across fund complexes and competitors. Cumulative net flows now sit at $53.4 billion, down from a $63 billion peak in October 2025. Grayscale's GBTC has shed $27 billion since launch against its 1.5% fee, while BlackRock's IBIT has still pulled in $62.1 billion since inception at a 0.25% fee. Total net assets in US spot Bitcoin ETFs fell below $73 billion for the first time since late 2024, down roughly 57% from a record $169.5 billion in October 2025. The funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving over the past 30 days. Strategy, the largest corporate Bitcoin holder, bought roughly 3,600 BTC in June, down from about 25,000 BTC in May and more than 50,000 BTC in April, according to company filings, including a net sale of 32 BTC earlier in the month.

The June outflows extend beyond Bitcoin. Ethereum (ETH) ETFs posted $528.99 million in redemptions, while Solana (SOL) ETFs recorded net outflows of roughly $786,580, the first monthly outflow for SOL ETFs since their launch. XRP (XRP) ETFs drew $59.46 million in net inflows, and Hyperliquid (HYPE) ETFs led crypto ETFs with $161.05 million in inflows. BlackRock US head of equity ETFs Jay Jacobs told Cointelegraph that day-to-day outflows have many causes. "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 last week. He added, "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."

On-chain data has tracked the strain. Santiment reported that Bitcoin ETFs have logged $8.475 billion in total net outflows since May 6. Glassnode data shows roughly 10.83 million BTC now sit at a loss, against 9.22 million in profit, one of the sharpest declines in profitability in the current cycle. The Long-Term Holder SOPR has moved deeper into negative territory, with the monthly average falling from 1.03 to 0.8, indicating roughly a 13% loss for long-term holders over the last month. Analyst Darkfost noted that Bitcoin's Net UTXO Supply Ratio has been negative for a week and reached -0.075, corresponding to a buy signal last seen at the end of 2022. Bitcoin is trading at $64,167, down 17.4% over the past month and roughly 49% below the record $126,080 reached on October 6, 2025.