US spot bitcoin ETFs see record $4.5B outflows in June

US spot bitcoin ETFs recorded $4.5 billion in net outflows in June, their worst month since launching in January 2024, according to SoSoValue data. The previous record was $3.48 billion in February 2025, meaning June's figure exceeded that by 29%.

BlackRock's IBIT, the largest fund by assets, accounted for $3.55 billion of the monthly total alone, including $212 million on June 30, marking the ninth consecutive day of net outflows. Total ETF assets have fallen to about $71 billion from roughly $83 billion at the start of the month. The outflows coincided with a broader risk-off sentiment in markets, partly triggered by the highly anticipated SpaceX IPO on June 12, which absorbed billions in retail and institutional capital. For crypto traders, persistent ETF outflows signal weakening demand from traditional investors, often correlating with downward pressure on bitcoin prices. Checking NowPrice's crypto page can help track real-time price reactions to these fund flows.

Looking ahead, the key question is whether the outflow streak will extend into July. Traders will watch for any reversal in IBIT flows as a leading indicator. Additionally, macroeconomic factors such as Fed rate expectations and the performance of the SpaceX stock in its early trading days could continue to influence risk appetite. On-chain metrics like exchange reserves and whale activity may also provide clues about the next directional move for bitcoin.