Bitcoin ETFs Suffer Worst Month Ever

Exchange-traded funds (ETFs) that track the spot price of Bitcoin (CRYPTO: $BTC) are on track for their worst month on record in June. 

As of June 29, Bitcoin ETFs had recorded $4.06 billion U.S. in net outflows, the largest monthly redemptions on record.

The previous record redemption was $3.56 billion U.S. seen in February 2025.

More From Cryptoprowl:

Last week, about a dozen Bitcoin ETFs listed on U.S. exchanges saw redemptions of $1.79 billion U.S., the second-highest weekly outflow since trading began in January 2024. 

The continued outflows from Bitcoin ETFs run counter to expectations for a rebound following the initial public offering (IPO) of SpaceX (NASDAQ: $SPCX) on June 12.

Spot ETFs serve as a barometer for investors’ crypto demand. Many investors, particularly institutions, like that the ETFs provide Bitcoin exposure without having to own the asset. 

June’s outflows followed $2.43 billion U.S. in redemptions this May, bringing the two-month total close to $6.50 billion U.S. 

Analysts say the situation reflects a collapse in demand among institutional investors. Bitcoin is currently trading at $59,350 U.S., near a two-year low.