Investors pulled billions from US spot bitcoin exchange-traded funds in June, marking the products' steepest monthly withdrawals since their launch in early 2024. Analysts attribute the $4.5 billion in outflows to a rotation of capital away from crypto amid ongoing macroeconomic uncertainty, as investors reassessed risk exposure. The historic SpaceX initial public offering also drew investment attention, contributing to the pullback from bitcoin funds. The scale of the outflows underscores how sensitive ETF flows remain to broader market conditions and competing opportunities, despite the products having driven substantial institutional adoption over the past year. The June figures represent a notable reversal after periods of strong inflows that helped push bitcoin to record highs. Whether the trend continues will depend on macroeconomic developments and shifting investor appetite for digital assets versus traditional and alternative investment vehicles.
— Sponsored —
Trade smarter on BYDFI
Get a bonus on your first deposit — from $50 at $100, up to $2,000 at $20k. 200x leverage, 600+ perpetuals, deep liquidity.