U.S. spot Bitcoin (BTC) ETFs posted a record 30-day outflow as institutional investors reduced exposure during a broad market pullback.
Key Points:
- U.S. spot Bitcoin ETFs recorded $6.35 billion in net outflows over 30 days, according to Galaxy Research.
- The withdrawal streak has lasted six weeks, but weekly redemptions have slowed sharply.
- Bitcoin held near $64,000 as long-term holders absorbed ETF-related supply.
Bitcoin ETF
U.S. spot Bitcoin exchange-traded funds recorded $6.35 billion in net outflows over the past 30 days, citing Galaxy Research data.
The research unit of Galaxy Digital said the figure ranked first among 582 rolling 30-day windows it tracks, making it the heaviest redemption stretch since the funds launched in Jan. 2024.
“Bitcoin ETFs set record 30d net outflow at -$6.35 billion over last 30 days (#1 across all 582 30d windows),” Galaxy Research wrote.
The withdrawals have now lasted six straight weeks, although the pressure has not hit every issuer equally. BlackRock’s IBIT has still drawn $62.1 billion since launch, while Grayscale’s higher-fee GBTC has lost $27 billion.
Farside Investors data showed the full U.S. spot Bitcoin ETF market still held $53.4 billion in net inflows, despite the latest drawdown. Bitcoin traded near $64,260 after falling about 17% over the past month.
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BTC Selling
The ETF retreat followed a wider shift away from risk assets, as higher Treasury yields and weaker expectations for rate cuts pushed investors toward safer positions.
Renewed geopolitical tension added pressure, while some outflows reflected profit-taking and capital moving from Bitcoin into other assets. Fee differences also mattered, since GBTC charges 1.5%, compared with IBIT’s 0.25%.
IBIT remained central to daily market swings. On Jun. 18, its $96.7 million redemption was larger than the combined flows across the rest of the complex, according to SoSoValue data cited in the report.
Still, selling has slowed. Weekly outflows fell from $1.72 billion in the week ending Jun. 5 to about $226 million last week, an 87% decline. That slowdown suggests the most intense phase of ETF selling may have passed, but a confirmed bottom would require a return to net inflows.
Bitcoin’s recent weakness also fits its broader 2026 correction. The token remains far below its Oct. 6, 2025, record of $126,080, leaving ETF flows as a key measure of whether institutional demand is returning or still retreating.
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