US Bitcoin ETFs See Largest June Withdrawals as BTC Drops Under $60,000
American Bitcoin exchange-traded funds witnessed outflows totaling $696.3 million while Bitcoin dropped beneath the $60,000 threshold, pushing cumulative 2025 losses to $4.6 billion.
Exchange-traded funds tracking Bitcoin spot prices in the United States experienced their most significant single-day net withdrawals for the month of June on Thursday, coinciding with Bitcoin's descent beneath the $60,000 price level.
The Bitcoin spot ETF market witnessed outflows amounting to $696.3 million, eclipsing the prior monthly peak of $519.2 million that was recorded on June 2, based on figures from SoSoValue.
These most recent redemptions elevated June's cumulative outflows to a total of $3.61 billion, pushing the year-to-date net withdrawals to $4.6 billion.
These ETF redemptions align with indications that additional major sources of institutional Bitcoin demand are experiencing slowdowns as well. Strategy, holding the distinction of being the world's largest corporate holder of Bitcoin, has decreased its rate of accumulation throughout June, sparking discussion regarding whether the firm ought to preserve cash reserves during the current market decline.
ETF assets down 57% from 2025 peak
Exchange-traded funds tracking spot Bitcoin prices listed in the United States have witnessed total net assets decline beneath the $73 billion threshold for the first time since the latter part of 2024, as continuing outflows combined with an approximately 50% decline in Bitcoin's value from its October high impact the industry.
Based on SoSoValue's analysis, the total net assets held within US spot Bitcoin ETFs achieved an all-time high of $169.5 billion during October 2025. By Friday, this amount had decreased to approximately $72.6 billion, representing a reduction of roughly 57%.
Independent data compiled by WalletPilot indicates that these funds collectively held 1.24 million BTC as of Tuesday, with approximately 63,500 BTC exiting these investment 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 temporarily halt its BTC acquisition activities and focus on strengthening its cash position.
Michael Saylor's Strategy has acquired approximately 3,600 Bitcoin during June thus far, representing a decrease from the roughly 25,000 BTC purchased in May and the more than 50,000 BTC acquired during April, based on corporate disclosures.
This deceleration in purchasing activity also encompassed a net disposition of 32 BTC earlier during the month, marking one of the rare occasions when the corporation has sold Bitcoin throughout its accumulation strategy.
The perpetual preferred stock issued by Strategy, trading under the ticker STRC, has experienced downward pressure, now trading beneath its target price of $100. STRC concluded trading on Thursday at $75.69, representing a decline of 6.37%.
This development has intensified discussion surrounding Strategy's approach to Bitcoin acquisition. Analysts from CryptoQuant have expressed apprehensions regarding the corporation's market timing and overall risk management practices.
Conversely, Bitcoin proponent Samson Mow stated that STRC possesses a "self-repairing mechanism" that becomes operational when trading falls beneath its $100 reference point. He emphasized that the company halts additional share issuance via its ATM program when reaching that threshold, thereby restricting new supply.