US-listed spot Bitcoin ETFs experienced their largest daily outflows in June as Bitcoin fell below $60K. This marks a significant shift, pushing year-to-date net outflows to $4.6 billion and raising q
In the latest developments, US Bitcoin exchange-traded funds (ETFs) saw their largest daily outflows in June as Bitcoin's price dipped below $60,000 for the first time since October 2025. According to SoSoValue data, spot Bitcoin ETFs lost a staggering $696.3 million on Thursday alone, surpassing the previous monthly high of $519.2 million recorded in early June.
This outflow brings total June outflows for US-listed spot Bitcoin ETFs up to $3.61 billion, with year-to-date net outflows now at a concerning $4.6 billion. The decline is particularly notable given that ETF assets have fallen below $73 billion for the first time since late 2024, reflecting a significant drop from their peak of around $169.5 billion in October last year.
The market downturn has also affected institutional investors like MicroStrategy (STRC), which has slowed its Bitcoin buying pace significantly. In June, STRC only purchased about 3,600 BTC compared to more than 25,000 and over 50,000 in May and April respectively. Additionally, there was a net sale of 32 BTC earlier this month, one of the few instances where MicroStrategy has sold Bitcoin during its accumulation period.
The ETF outflows coincide with broader concerns about institutional demand for Bitcoin. CryptoQuant analysts have raised questions regarding MicroStrategy's timing and risk management strategies, while Samson Mow argued that STRC has a self-repairing mechanism that limits new share issuance when the stock trades below $100, mitigating supply issues.
These developments are significant as they indicate potential shifts in institutional investor behavior. With Bitcoin trading at its 2026 lows and US stocks experiencing weakness, there is concern that this could push BTC prices lower still. Traders should closely monitor ETF flows, MicroStrategy's actions, and broader market sentiment for further indications of the direction of the cryptocurrency.
For traders looking to navigate these turbulent times, understanding the interplay between institutional demand, market dynamics, and regulatory changes will be crucial in making informed decisions.
Source: Cointelegraph. Summarized and rewritten by the Vexoda Newsroom. This is market news, not financial advice.