Bitcoin ETF outflows are accelerating:
US Bitcoin ETFs have posted -$2.1 billion in outflows so far in June, on pace to exceed -$2.4 billion in outflows recorded in May.
This has been driven by the largest spot Bitcoin ETF,
$IBIT, which saw -$401.4 million in outflows this week, the 5th consecutive weekly outflow and the longest streak since October 2025.
During this outflow stretch,
$IBIT has recorded -$4.2 billion in cumulative withdrawals.
Year-to-date,
$IBIT has recorded -$412.4 million in net outflows, a reversal from 2 consecutive years of massive inflows.
In 2024 and 2025, this fund attracted $36.8 billion and $24.8 billion, respectively.
Crypto investor sentiment remains under pressure.