Why did spot Bitcoin ETFs record $1.72 billion in outflows?

Spot Bitcoin ETFs saw approximately $1.72 billion in net outflows during the week ending June 5 as investors reduced risk exposure. Analysts linked the selling to stronger US economic data, rising Treasury yields and declining expectations for interest rate cuts rather than Bitcoin-specific problems.

How significant is the current Bitcoin ETF outflow streak?

The latest data marks a fourth consecutive week of billion-dollar redemptions from US spot Bitcoin ETFs. This represents a major reversal from the strong inflows that helped drive institutional adoption and supported Bitcoin prices earlier in the year.

Which Bitcoin ETF experienced the largest outflows?

BlackRock's iShares Bitcoin Trust (IBIT) recorded the largest withdrawals, with approximately $1.34 billion in net outflows during the week. Fidelity's FBTC lost about $201.9 million, while Grayscale's GBTC recorded roughly $144.3 million in redemptions.

Why is BlackRock's IBIT seeing the largest redemptions?

According to analysts, IBIT is one of the largest and most liquid Bitcoin ETFs available. Large institutional investors often use the most liquid products when adjusting portfolio allocations, making IBIT a natural vehicle for broad risk reduction.

Does this mean institutional investors are abandoning Bitcoin?

Not necessarily. Analysts suggest the outflows reflect broader macroeconomic concerns rather than a loss of confidence in Bitcoin itself. Institutions may be reducing exposure to risk assets generally as interest rate expectations and market conditions change.

How are rising Treasury yields affecting Bitcoin ETFs?

Higher Treasury yields make government bonds more attractive relative to riskier assets such as Bitcoin. When yields rise, some investors shift capital toward fixed-income investments, which can contribute to ETF outflows and pressure on crypto prices.

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Bitcoin ETFs lose $1.7B in four-week outflow streak

Written by Liezl GambePublished Jun 9, 2026, 1:16 AM

US spot Bitcoin exchange-traded funds recorded approximately $1.72 billion in net outflows during the week ending June 5, marking a fourth consecutive week of billion-dollar redemptions, according to SoSoValue data.

The selling pressure was concentrated in the first three trading days of June, with investors withdrawing nearly $1.4 billion before a brief return to positive flows on Thursday was reversed by another $325.7 million in outflows on Friday.

BlackRock’s iShares Bitcoin Trust accounted for the largest share of the withdrawals, losing roughly $1.34 billion during the week, while Fidelity’s Wise Origin Bitcoin Fund recorded $201.9 million in outflows and Grayscale’s Bitcoin Trust shed $144.3 million.

The latest figures represent a significant shift from the strong inflows that supported Bitcoin ETF growth earlier this year and suggest institutional investors have become increasingly cautious amid changing macroeconomic conditions.

Matthew Pinnock, chief operating officer of Altura DeFi, said the redemptions were driven by broader market factors rather than concerns specific to Bitcoin.

“The timing of these redemptions aligns closely with stronger-than-expected US employment data, rising Treasury yields, and a sharp reduction in rate cut expectations this year,”

Pinnock said.

The weakness extended beyond Bitcoin products, with spot Ether ETFs recording $173 million in net outflows during the same week, bringing total withdrawals over the previous four weeks to approximately $885.6 million.

While Bitcoin and Ether ETFs faced sustained selling pressure, some alternative crypto investment products attracted fresh capital, with HYPE ETFs recording $16.65 million in inflows and XRP ETFs posting modest gains of $2.62 million.

At the time of reporting, Bitcoin price was $62,619.79.