US Spot Bitcoin ETFs Post Record $4B Monthly Outflow as Bitcoin Slips Below $60K

US spot Bitcoin ETFs recorded approximately $4.06 billion in net outflows during June 2026, according to data compiled by Bloomberg and SoSoValue — the worst single month for the fund category since it launched in January 2024, surpassing the previous record of $3.56 billion set in February 2025.

The withdrawals were front-loaded: from May 15 through June 3, the funds posted thirteen consecutive trading days of net outflows, the longest streak on record, pulling out roughly $4.4 billion in that window alone. BlackRock's iShares Bitcoin Trust (IBIT), the largest fund in the category, absorbed the bulk of the pain, accounting for an estimated 75% of June's total redemptions.

Bitcoin's price tracked the selling pressure, slipping below $60,000 for the first time in months and touching a year-to-date low near $58,190 — a decline of close to 30% from where the asset started 2026.

Despite the outflows, Bitcoin holdings inside the ETF structures remain close to historical highs when measured in BTC terms rather than dollars, suggesting long-term institutional positioning hasn't fully reversed even as short-term capital rotated out.

Analysts point to a mix of causes: a hawkish shift from the Federal Reserve under new chair Kevin Warsh, profit-taking after Bitcoin's October 2025 all-time high near $126,000, and broader capital rotation away from risk assets. Whether the outflow streak marks a durable trend or a temporary flush remains an open question among on-chain researchers.

Sources: Value The Markets, KuCoin Research