U.S. spot Bitcoin exchange-traded funds (ETFs) suffered their largest 30-day net outflow on record, with $6.35 billion exiting the funds, according to Galaxy Research. The wave of redemptions occurred between May and June, coinciding with a 17% decline in Bitcoin's price to roughly $60,000 — a four-month low.
13-day streak drains $4.4 billion
The selling was concentrated between May 15 and June 3, when investors pulled about $4.4 billion from spot Bitcoin ETFs over 13 consecutive trading days. That amount represents roughly 59,400 BTC at prevailing prices. The pace slowed on June 4 and June 5 with a tiny net inflow of $3 million, but weekly withdrawals resumed, including one week with $1.7 billion in net redemptions.
BlackRock's IBIT and Fidelity's FBTC recorded the highest daily redemptions during the period. Galaxy Research examined 582 rolling 30-day windows and found this cycle ranked first in net outflows among all historical periods for U.S. spot Bitcoin ETFs, which launched in January 2024.
Bitcoin price hits four-month low
Bitcoin sank to between $60,000 and $61,300 in early June, its lowest level in four months, pressured by weakening ETF demand and sustained investor withdrawals. Bloomberg ETF analyst Eric Balchunas described the record outflows as “noise” within typical ETF activity, suggesting the market should not overreact.
Despite the historic drawdown, cumulative net inflows into spot Bitcoin ETFs still stand at $53.4 billion, down from a peak of $63 billion in October 2025. Year-to-date flows through May 2026 were roughly breakeven before the selling wave hit. The recent redemptions signal a temporary retreat by institutional investors adjusting their crypto exposure.