Bitcoin Spot ETFs See About $6B Pulled in 30 Days as BTC Slides

U.S. spot Bitcoin ETFs have just posted their weakest 30-day run since launching in January 2024. Over recent months, combined outflows have climbed to roughly $6 billion as Bitcoin fell about 17% over the past month. The heaviest selling occurred during a 13-session stretch of consecutive withdrawals from May 15 through June 3, totaling about $4.4 billion in net redemptions. That equates to roughly 59,400 BTC leaving the products. Outflows were not evenly spread across the roughly dozen spot Bitcoin ETFs. The largest funds bore the brunt, led by BlackRock's IBIT and Fidelity's FBTC, where peak daily redemptions reached the hundreds of millions of dollars. The streak ended with a small net inflow of about $3 million around June 4–5, but weekly withdrawals remained sizable; one week alone recorded $1.7 billion in net redemptions. Bitcoin tracked the pressure, sliding to four-month lows in early June around $60,000 to $61,300. Three factors helped drive the wave of selling: profit-taking by institutions that built positions in 2024 or early 2025, rising macro uncertainty, and a broader pullback in risk appetite. Bloomberg ETF analyst Eric Balchunas described the outflow levels as "noise" in the wider context of institutional adoption and normal ETF volatility. In context, the pullback represents a small portion of total demand since launch. Spot Bitcoin ETFs have drawn cumulative net inflows of more than $50–$60 billion since January 2024, making the recent selling a single-digit percentage of total capital that has entered these products. Year-to-date flows for 2026 had been hovering near breakeven before the May–June outflow streak. For market participants, the key near-term issue is volatility. Large ETF redemptions can translate into spot-market selling pressure because issuers may need to sell underlying Bitcoin holdings to meet withdrawals.