Bitcoin ETF outflows record their largest daily net outflow of June. On Thursday, spot Bitcoin ETFs shed $696.3 million as Bitcoin slipped below $60,000.
According to Farside Investorsdata, this surpassed the previous monthly high of $519.2 million logged on June 2.
Why Bitcoin ETF outflows record matters
The latest withdrawals pushed June’s total outflows to $3.61 billion. Consequently, year‑to‑date net outflows have reached $4.6 billion.
The ETF outflows coincide with signs that other large sources of institutional Bitcoin demand are also slowing. Specifically, Strategy, the world’s largest corporate Bitcoin holder, has reduced its accumulation pace in June. This has prompted debate over whether the company should conserve cash during the market downturn.
ETF assets down 57% from 2025 peak
US‑listed spot Bitcoin ETFs have seen total net assets fall below $73 billion for the first time since late 2024. Recent outflows and a roughly 50% drop in Bitcoin’s price from its October peak weigh on the sector.
According to SoSoValue, total net assets reached a record $150.77 billion in October 2025. As of Friday, that figure stands at about $72. billion. Therefore, this represents a decline of roughly 57%.
Separate data from WalletPilot shows the funds held a combined 1.24 million BTC as of Tuesday. About 63,514 BTC have left the products over the past 30 days.
Strategy slows Bitcoin buying in June
Some analysts argue that Strategy should pause BTC purchases and rebuild its cash reserves. Specifically, Saylor’s Strategy bought roughly 3,600 Bitcoin so far in June. This is down from about 25,000 BTC in May and more than 50,000 BTC in April, according to company filings.
The slowdown also included a net sale of 32 BTC earlier in the month. This is one of the few times the company has sold Bitcoin during its accumulation period.
Furthermore, Strategy’s perpetual preferred stock, STRC, has come under pressure. It is trading below its intended $100 level. STRC closed at $75.69 on Thursday, down 6.37%.
The move has fueled debate over Strategy’s Bitcoin‑buying model. CryptoQuant analysts have raised concerns about the company’s timing and risk management.
On the other hand, Bitcoin advocate Samson Mow said STRC has a “self‑repairing mechanism” that activates when it trades below its $100 benchmark. He noted that the company pauses new share issuance through its ATM program at that level. Therefore, this limits new supply.
