$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record
CoinDesk 2026-06-29 04:05:48
Context: U.S.-listed spot bitcoin ETFs have experienced significant outflows in June, with investors pulling out $4.06 billion so far this month, marking the largest monthly redemption since the products launched. This trend counters earlier expectations of renewed demand following SpaceX's June IPO. The outflows have had a notable impact on bitcoin's price performance.
Key Facts
- U.S. spot bitcoin ETFs have logged about $4.06 billion in net outflows so far in June, the largest monthly redemption since the products launched, according to data from SoSoValue.
- The funds saw roughly $1.79 billion in redemptions last week alone, the second-highest weekly outflow since trading began in January 2024.
- The outflows have brought the two-month total close to $6.5 billion, comparable to the current market capitalization of zcash (ZEC), currently ranked among the world’s 15 largest cryptocurrencies by market cap.
- On a year-to-date basis, net outflows tally roughly $5 billion in the first half of 2026, with bitcoin's price declining around 30% in the first half, underperforming nearly every major asset class.