U.S. spot bitcoin ETFs see record $4.5B outflows in June, largest fund BlackRock leads the decline.
U.S. spot bitcoin ETFs experienced their worst month ever in June, with $4.5 billion in net outflows, surpassing the previous record of $3.48 billion in February 2025. BlackRock's IBIT, the largest bitcoin ETF by assets, accounted for $3.55 billion of these outflows, including $212 million on June 30 alone. Total assets under management in these ETFs dropped from about $83 billion at the start of June to roughly $71 billion by month-end. The outflow trend may have been influenced by two key events: the highly successful debut of SpaceX's stock on June 12, which attracted massive retail investment, and the Federal Reserve's June meeting under new chair Kevin Warsh, which signaled a shift toward interest rate hikes and removed expectations for rate cuts, prompting institutions to reduce exposure to volatile assets like bitcoin ETFs.
U.S. spot bitcoin ETFs experienced their worst month ever in June, with $4.5 billion in net outflows, surpassing the previous record of $3.48 billion in February 2025. BlackRock's IBIT, the largest bitcoin ETF by assets, accounted for $3.55 billion of these outflows, including $212 million on June 30 alone. Total assets under management in these ETFs dropped from about $83 billion at the start of June to roughly $71 billion by month-end. The outflow trend may have been influenced by two key events: the highly successful debut of SpaceX's stock on June 12, which attracted massive retail investment, and the Federal Reserve's June meeting under new chair Kevin Warsh, which signaled a shift toward interest rate hikes and removed expectations for rate cuts, prompting institutions to reduce exposure to volatile assets like bitcoin ETFs.
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