U.S. spot Bitcoin ETFs recorded $231 million in net outflows on June 29, extending a streak of consecutive negative sessions to eight trading days and deepening what has become the worst mont
U.S. spot Bitcoin ETFs recorded $231 million in net outflows on June 29, extending a streak of consecutive negative sessions to eight trading days and deepening what has become the worst month for ETF withdrawals since the products launched in January 2024.
BlackRock’s IBIT accounted for the largest single-fund outflow of the session, shedding $300.4 million. That figure alone exceeded the day’s aggregate net withdrawal, meaning other products partially offset the damage. For related coverage, see Bitcoin Spot ETFs See $231M in Outflows as Ether ETFs Lose $30M.
June 29 ETF Flow -231.0 US$m Aggregate U.S. spot Bitcoin ETF flow turned negative again as the outflow streak reached eight consecutive trading sessions.ARK 21Shares’ ARKB led the inflow side with $50.0 million, followed by Grayscale’s GBTC at $35.1 million. VanEck’s HODL added $3.8 million and Bitwise’s MSBT drew $7.3 million. For related coverage, see Bitcoin ETFs See Worst Week on Record as Outflows Surge.
On the losing side, Valkyrie’s BTC fund posted $22.9 million in outflows, while Fidelity’s FBTC saw $3.9 million leave. The dispersion across products suggests the selling pressure was concentrated in IBIT rather than reflecting broad-based institutional retreat, a pattern similar to earlier sessions where IBIT led reported outflows. For related coverage, see Charles Schwab Bitcoin Trading Rollout: What We Know.
Farside Investors’ daily flow table shows negative total flows on June 17, 18, 22, 23, 24, 25, 26, and 29, confirming eight consecutive trading sessions of net outflows. The streak has persisted across an entire two-week window, interrupted only by weekends.
The sustained withdrawal run has contributed to a punishing monthly total. CryptoBriefing reported that U.S.-listed spot Bitcoin ETFs recorded approximately $4.06 billion in net outflows in June 2026, making it the worst month for withdrawals since the funds began trading in January 2024.
That monthly figure dwarfs previous drawdowns and builds on a trend that accelerated after Bitcoin ETFs posted their worst week on record earlier in June.
Bitcoin was trading at $58,718 at press time, down 2.0% over the prior 24 hours. The decline has pushed BTC further below the $59,000 level it broke through following the latest U.S. PCE inflation release.
BTC Market Context $58,718 BTC was down 2.0% over the prior 24 hours, adding market context to the continued ETF outflow streak.The crypto Fear and Greed Index sat at 15 out of 100, a reading classified as “Extreme Fear.” That level reflects broad risk-off positioning across the digital asset market, consistent with the sustained ETF redemption pattern.
Bitcoin’s market capitalization stood at roughly $1.18 trillion, with 24-hour trading volume near $30.9 billion. The combination of falling prices, heavy ETF outflows, and deeply negative sentiment marks a challenging environment for spot BTC demand through regulated fund wrappers.
The eight-day outflow streak also coincided with parallel losses in Ether ETFs, suggesting the risk-off mood extends beyond Bitcoin-specific positioning. Whether the streak breaks will likely depend on whether institutional buyers step in at current price levels or whether the month-end rebalancing flow continues to favor redemptions heading into July.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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