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US-listed spot Bitcoin exchange-traded funds recorded $696.3 million in net outflows on June 25 as Bitcoin fell below $60,000. The daily withdrawal was the largest recorded in June and extended the funds’ losing run to six trading days.
The move raised June outflows to $3.61 billion and pushed year-to-date losses to about $4.6 billion. The figures point to weaker demand from large investors as Bitcoin trades near its lowest level of 2026.
The pattern has placed ETF activity at the center of market attention. These products once supplied steady buying demand, but repeated redemptions now add coins back to the market while investors reassess risk across cryptocurrencies and high-growth technology assets globally.
The June 25 outflow surpassed the previous monthly daily high of $519.2 million recorded on June 2. It also lifted second-quarter net withdrawals to about $4.07 billion, despite the funds receiving nearly $1.97 billion in April.
Investors withdrew about $2.43 billion in May before removing another $3.61 billion in June. That brought combined outflows over the two months to roughly $6.04 billion. Spot Ether ETFs also posted about $81.87 million in withdrawals on the same day.
BlackRock’s iShares Bitcoin Trust led second-quarter losses with about $2.01 billion in net outflows. The fund recorded around $4.02 billion in withdrawals across May and June, while its net assets fell to about $44.43 billion. Fidelity’s Bitcoin fund posted roughly $889 million in second-quarter withdrawals.
Total assets held by US spot Bitcoin ETFs dropped to about $72.6 billion. That marked the lowest level since late 2024 and a decline of nearly 57% from the October 2025 peak of $169.5 billion.
The fall came as Bitcoin lost about half its value from its October high. The cryptocurrency touched a 2026 low near $58,190 on Thursday before recovering toward $60,000.
Separate wallet data showed the ETFs held about 1.24 million BTC, with roughly 63,500 BTC leaving the products over 30 days.
The data has raised fresh questions about short-term institutional demand. Traders are watching whether daily ETF withdrawals slow near the $60,000 level. They are also tracking trading volume, derivatives funding rates and open interest for signs of added selling pressure.
Strategy bought about 3,600 BTC in June, down from nearly 25,000 BTC in May and more than 50,000 BTC in April. Company filings also showed a net sale of 32 BTC earlier in the month, an uncommon move during its long accumulation campaign.
The company’s STRC preferred stock closed at $75.69 on Thursday, down 6.37% and well below its intended $100 benchmark. Some analysts have questioned whether Strategy should pause Bitcoin purchases and rebuild cash while market prices stay under pressure.
CryptoQuant analysts raised doubts about the company’s buying schedule and risk controls. Bitcoin supporter Samson Mow offered a different view, saying STRC has a “self-repairing mechanism” when it trades below $100. He said Strategy can stop issuing new shares through its at-the-market program, which limits added supply.
Bitcoin’s near-term direction may depend partly on whether ETF flows stabilize. Investors are also watching large technology shares, as stronger demand for artificial intelligence stocks has drawn capital away from other assets.
Also Read: Bitcoin Falls Below $60,000 as Strategy Financing Model Sparks Fresh Crypto Market Concerns
