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US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest regular nett outflows of June connected Thursday arsenic Bitcoin fell beneath $60,000.
Spot Bitcoin ETFs shed $696.3 million, surpassing the erstwhile monthly precocious of $519.2 cardinal logged connected June 2, according to SoSoValue data.
The latest withdrawals pushed June’s full outflows to $3.61 billion, bringing year-to-date nett outflows to $4.6 billion.
Monthly flows successful US spot Bitcoin ETFs arsenic of Friday. Source: SoSoValue
The ETF outflows coincide with signs that different ample sources of organization Bitcoin request are besides slowing. Strategy, the world's largest firm Bitcoin holder, has reduced its accumulation gait successful June, prompting statement implicit whether the institution should conserve currency during the marketplace downturn.
ETF assets down 57% from 2025 peak
US-listed spot Bitcoin ETFs person seen full nett assets autumn beneath $73 cardinal for the archetypal clip since precocious 2024, arsenic caller outflows and a astir 50% driblet successful Bitcoin’s terms from its October highest measurement connected the sector.
According to SoSoValue, full nett assets successful US spot Bitcoin ETFs reached a grounds $169.5 cardinal successful October 2025. As of Friday, that fig stood astatine astir $72.6 billion, a diminution of astir 57%.
BTC holdings for US spot Bitcoin ETFs arsenic of marketplace adjacent connected Tuesday. Source: Wallet Pilot
Separate information from WalletPilot shows the funds held a combined 1.24 cardinal BTC arsenic of Tuesday, with astir 63,500 BTC leaving the products implicit the past 30 days.
Strategy slows Bitcoin buying successful June to astir 3,600 BTC amid criticism
Some analysts reason that Strategy should intermission BTC purchases and rebuild its currency reserves.
Saylor’s Strategy bought astir 3,600 Bitcoin truthful acold successful June, down from astir 25,000 BTC successful May and much than 50,000 BTC successful April, according to institution filings.
The slowdown besides included a net merchantability of 32 BTC earlier successful the month, 1 of the fewer times the institution has sold Bitcoin during its accumulation period.
Related: Strategy adds $300M to USD Reserve, acquires 520 BTC
Strategy’s perpetual preferred stock, STRC, has travel nether pressure, trading beneath its intended $100 level. STRC closed astatine $75.69 connected Thursday, down 6.37%.
Source: Julio Moreno
The determination has fueled statement implicit Strategy’s Bitcoin-buying model. CryptoQuant analysts person raised concerns astir the company’s timing and hazard management.
On the different hand, Bitcoin advocator Samson Mow said STRC has a “self-repairing mechanism” that activates erstwhile it trades beneath its $100 benchmark. He noted that the institution pauses caller stock issuance done its ATM programme astatine that level, which limits caller supply.
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