Bitcoin ETFs record $2.1 billion in outflows this month as the cryptocurrency drops 27% from its May peak.
Spot Bitcoin ETFs have seen $2.1 billion in outflows so far in June, extending May’s $2.4 billion decline amid a broader market selloff. Wednesday’s $214 million outflow underscores the persistent negative trend, despite a brief inflow on June 4 that interrupted a 13-day losing streak totaling $4.4 billion in redemptions.
Since May 10, total net assets in these ETFs have fallen by $33 billion, from $109 billion to $77 billion, mirroring Bitcoin’s 27% drop from $81,443 to $59,353. While the pace of outflows has slowed, pressure remains as investors rotate capital toward AI equities and upcoming tech IPOs.
Analysts attribute the outflows to leveraged fund redemptions, shifts away from high-fee funds, and reduced risk appetite. The highest-fee U.S. spot Bitcoin ETF has shed nearly $27 billion since its launch.