Bitcoin ETFs Log June’s Biggest Daily Outflows After BTC Drops Below $60K

TL;DR

• Heavy Outflows: US spot Bitcoin ETFs saw $696.3 million in daily outflows, the largest of June, pushing monthly redemptions to $3.61 billion and year-to-date totals to $4.6 billion.
• Institutional Slowdown: Strategy reduced its Bitcoin purchases sharply in June, contributing to concerns as total net assets in Bitcoin ETFs fell below $73 billion for the first time since late 2024.
• Market Pressure: STRC dropped to $75.69, fueling debate over Strategy’s model, while analysts and advocates offered contrasting views.
  

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US-listed spot Bitcoin ETFs recorded their largest daily net outflows of June on Thursday after Bitcoin slipped below $60,000, marking another difficult session for regulated crypto products. According to SoSoValue, the group shed $696.3 million, surpassing the previous monthly high of $519.2 million set on June 2. The sharp withdrawals pushed June’s total outflows to $3.61 billion and brought year-to-date redemptions to $4.6 billion, deepening concerns about weakening institutional demand.

June Outflows Accelerate as Sector Loses Assets

The latest wave of exits comes as other major sources of institutional Bitcoin demand show signs of slowing. Strategy, the largest corporate holder of Bitcoin, has eased its accumulation pace in June, prompting debate over whether the company should conserve cash during the market downturn. Total net assets in US spot Bitcoin ETFs have now fallen below $73 billion for the first time since late 2024, pressured by sustained outflows and Bitcoin’s roughly 50 percent decline from its October peak.

SoSoValue data shows the products reached a record $169.5 billion in October 2025. As of Friday, that figure stood at about $72.6 billion, a drop of roughly 57 percent. WalletPilot data indicates the funds held 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days. The persistent withdrawals highlight how sentiment toward Bitcoin ETFs has shifted as volatility returns to the broader market.

Strategy’s Slowdown Sparks Debate

Strategy’s reduced buying pace has become a focal point in the discussion. The company purchased roughly 3,600 Bitcoin so far in June, down sharply from about 25,000 BTC in May and more than 50,000 BTC in April. The slowdown even included a rare net sale of 32 BTC earlier in the month. Meanwhile, the company’s perpetual preferred stock, STRC, has come under pressure, closing Thursday at $75.69, down 6.37%.

CryptoQuant analysts have questioned the timing and risk management behind Strategy’s approach, while Bitcoin advocate Samson Mow argued that STRC has a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He noted that the company pauses new share issuance at that level, limiting supply. The debate adds another layer to a month already defined by heavy Bitcoin ETFs outflows and shifting institutional behavior.