BTC Tumbles Under $60K as Bitcoin ETFs Experience June's Steepest Selloff
A massive $696 million exodus from US spot Bitcoin ETFs occurred while Bitcoin dropped beneath $60,000, representing June's steepest daily withdrawals and elevating total monthly outflows beyond $3.6 billion.
Exchange-traded funds tracking Bitcoin that are listed in the United States experienced their most significant daily net withdrawals for the month of June on Thursday, coinciding with Bitcoin's decline beneath the $60,000 threshold.
The spot Bitcoin ETF sector witnessed net outflows totaling $696.3 million, eclipsing the prior monthly record of $519.2 million that was registered on June 2, based on figures from SoSoValue data.
These most recent withdrawals have driven June's aggregate outflows to a total of $3.61 billion, which brings the year-to-date net outflows to a sum of $4.6 billion.
The outflows from ETF products align with indications that additional major sources of institutional demand for Bitcoin are experiencing a deceleration as well. Strategy, which holds the distinction of being the largest corporate holder of Bitcoin globally, has decreased its acquisition rate during June, sparking discussion about whether the firm ought to preserve its cash reserves throughout the current market decline.
ETF assets down 57% from 2025 peak
The total net assets held by US-listed spot Bitcoin ETFs have dropped beneath the $73 billion threshold for the first time since the latter part of 2024, with the decline driven by persistent outflows and an approximately 50% decrease in Bitcoin's valuation from its October high point, placing pressure on the industry.
Data from SoSoValue indicates that total net assets within US spot Bitcoin ETFs achieved an all-time high of $169.5 billion during October 2025. By Friday, this number had decreased to approximately $72.6 billion, representing a reduction of roughly 57%.
Additional information sourced from WalletPilot reveals the funds collectively held 1.24 million BTC as of Tuesday, with approximately 63,500 BTC exiting these products throughout the preceding 30 days.
Strategy slows Bitcoin buying in June to about 3,600 BTC amid criticism
Certain market analysts contend that Strategy ought to halt its BTC acquisition activities and focus on replenishing its cash position.
Strategy, led by Saylor, has acquired approximately 3,600 Bitcoin throughout June to date, representing a decline from the roughly 25,000 BTC purchased in May and exceeding 50,000 BTC bought during April, based on filings submitted by the company.
The deceleration in purchases also featured a net disposition of 32 BTC earlier during the month, representing one of the rare instances when the corporation has engaged in selling Bitcoin throughout its accumulation phase.
The perpetual preferred stock issued by Strategy, designated as STRC, has experienced downward pressure, with trading occurring beneath its targeted $100 price point. STRC concluded trading at $75.69 on Thursday, reflecting a 6.37% decrease.
This development has intensified discussions surrounding Strategy's approach to Bitcoin acquisition. Analysts from CryptoQuant have expressed apprehensions regarding the company's market timing strategies and its management of risk exposure.
Conversely, Bitcoin proponent Samson Mow stated that STRC possesses a "self-repairing mechanism" that becomes operational when trading occurs below its $100 reference point. He emphasized that the company halts the issuance of new shares via its ATM program when that threshold is reached, effectively restricting the introduction of additional supply.