The United States spot Bitcoin (BTC) ETFs (exchange-traded funds) recorded the largest monthly cash outflows since their inception in June 2026.
The Bitcoin ETFs closed last month with a total cash outflow of $4.51 billion. As such, these funds had a total net asset value of approximately $70.95 billion, according to data from SoSoValue, as analyzed by Finbold on July 1.
Consequently, the U.S. Bitcoin ETFs have liquidated $6.94 billion over the past two months. Notable outflows from these baskets of securities were driven by BlackRock’s iShares Bitcoin Trust (IBIT).
In June, BlackRock’s IBIT posted a net outflow of $3.55 billion, bringing its BTC holdings to $43.02 billion at press time. Over the past two months, BlackRock’s IBIT recorded a net cash outflow of $4.96 billion.
Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) closed last month with a net cash outflow of about $456.63 million. As a result, Fidelity’s FBTC closed the second quarter with a net cash outflow of approximately $903.17 million.
Why are the U.S. Bitcoin ETFs bleeding?
Bitcoin ETFs closed last month and the second quarter with notable outflows amid strong demand for AI stocks, as Finbold explained. Furthermore, June saw more investors rush into Space Exploration Technologies Corp.’s (NASDAQ: SPCX) initial public offering (IPO).
BTC price outlook
Amid the notable cash outflows in Bitcoin ETFs, the flagship coin fell more than 19% over the past 30 days, trading at about $58,640 at the time of reporting.
Nonetheless, BTC’s price has retested a crucial multi-month support level amid aggressive accumulation by whale investors over the past two months, as Finbold noted. As such, the asset’s price could rebound in July if Bitcoin ETFs begin to build positions again.
