Bitcoin ETFs see record $4.06B outflows in June amid price drop below $60K
In June 2026, U.S. spot Bitcoin ETFs experienced a record $4.06 billion in net outflows, the highest monthly withdrawal to date, coinciding with Bitcoin's price falling below $60,000 and a 30% year-to-date decline. This marks Bitcoin's potential second consecutive quarterly loss, reflecting waning institutional interest amid a strong U.S. dollar and the Federal Reserve's tight monetary policy. Analyst Ted Pillows warns of a possible 60-65% further correction before Bitcoin finds a bottom, as investors await key U.S. employment data for clues on future rate moves.
In June 2026, U.S. spot Bitcoin ETFs experienced a record $4.06 billion in net outflows, the highest monthly withdrawal to date, coinciding with Bitcoin's price falling below $60,000 and a 30% year-to-date decline. This marks Bitcoin's potential second consecutive quarterly loss, reflecting waning institutional interest amid a strong U.S. dollar and the Federal Reserve's tight monetary policy. Analyst Ted Pillows warns of a possible 60-65% further correction before Bitcoin finds a bottom, as investors await key U.S. employment data for clues on future rate moves.
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