Net assets in US spot Bitcoin ETFs fell to $72.6 billion, down 57% from October’s peak, amid slowing institutional demand.
US-listed spot Bitcoin ETFs recorded their largest daily outflows of June on Friday, pushing total net assets below $73 billion for the first time since late 2024. The decline reflects a 57% drop from October’s record $169.5 billion, driven by a near-50% fall in Bitcoin’s price from its peak and sustained outflows.
Holdings in these ETFs totaled 1.24 million BTC as of Tuesday, with 63,500 BTC exiting the products over the past 30 days. Corporate demand has also softened, with Strategy reducing its June purchases to 3,600 BTC, down from 25,000 in May and over 50,000 in April.
The slowdown included a rare net sale of 32 BTC earlier in June, raising questions about the company’s cash conservation strategy amid the downturn.