The U.S. current bitcoin ETF was the worst single month since June when it was listed. According to SoSoValue, the total net outflow of these products was $4.5 billion that month, more than the $3.48 billion recorded in February 2025.
IBIT is the largest out of the world.
Of all the outflows, the IBIT under Beled accounted for $3.55 billion. On 30 June alone, the Fund released $212 million, which was its ninth consecutive net outflow.
With the withdrawal of funds, the total asset size of the United States real bitcoin ETF dropped from about $83 billion at the beginning of the month to about $71 billion.
- Net outflow June: $4.5 billion
- Previous record: $3.48 billion
- Asset size: approximately $83 billion down to $71 billion
Two events affect risk preferences
It was mentioned that two events may have contributed to the continued flow of the round. One was SpaceX, which was listed on June 12th and subsequently absorbed significant risk funds. According to reports, the first trading day was marked by a one-day break in the bulk purchase, with a total of $75 billion raised for the release.
The second was the first meeting of the United States Federal Reserve Chairman, Kevin Walsh, five days later. Post-conference dot-line maps have shifted towards higher interest-rate expectations, and market expectations for lower interest rates have been withdrawn, which has also contributed to reducing the exposure of some institutions to highly volatile assets.
Institutional funds shift to more prudent
In terms of the flow of money, the real bitcoin ETF has been under significant foreclosure pressure in June. The successive outflows of large funds and the expected tightening of superimposed interest rates have reduced the willingness of institutions to allocate encrypted assets.
This also means that the ETF, as an important source of incremental funding for bitcoin, has not continued to provide support in the short term, and markets are more vulnerable to macro-predictations and cross-market capital diversions.