US spot Bitcoin ETFs recorded $4.5 billion in net outflows in June 2026, the biggest monthly withdrawal since the products started trading in January 2024. Data from SoSoValue shows the previous record was $3.48 billion in February 2025, making June’s total roughly 29% higher.
June redemptions broke the previous monthly high
BlackRock’s iShares Bitcoin Trust led the withdrawals, posting $3.55 billion in outflows during the month. As redemptions accelerated, total net assets across all US spot Bitcoin ETFs fell from more than $110 billion earlier in the year to $70.9 billion.
Even with the heavy pullback, cumulative net inflows since launch remained above $51 billion. That means the longer-term flow picture is still positive, despite the sharp reversal seen in June.
Bitcoin swung sharply intraday and briefly fell to $57,803
Bitcoin also saw intense price volatility. The asset dropped to as low as $57,803, its lowest level in 22 months, before reversing and trading near $60,807 during US afternoon hours. That move represented an intraday rebound of about 3.7%.
Daan Crypto Trades said Bitcoin touched the 0.618 Fibonacci retracement level measured across the full bull cycle, an area that also aligns with the consolidation lows from summer 2024. The analyst noted that earlier cycles saw relief rallies from similar zones, but added that this cycle may not follow the same pattern. Ted Pillows said sellers remain in control as long as Bitcoin stays below $60,000.
Quarterly losses and rate expectations added pressure
Bitcoin fell 14% in the quarter ending in June. Since the start of the year, it is down 32%, and the current price stands more than 50% below its October peak. The report said the Federal Reserve’s hawkish tone in its June meeting strengthened expectations for at least one more rate hike this year. In a high-rate setting, non-yielding assets such as Bitcoin become more expensive to hold.
The article also pointed to rising interest in AI-related stocks as another factor pulling capital away from crypto markets. Combined with ETF withdrawals, those conditions left Bitcoin under heavier price and fund-flow pressure through June.