U.S. Spot Bitcoin ETFs Log Record $6.35 Billion Net Outflow In 30 Days

U.S. spot Bitcoin ETFs logged a record 30-day net outflow of approximately $6.35 billion, the heaviest stretch of institutional withdrawals since their January 2024 launch, according to Moomoo.

“Source: Galaxy Research “What I think is maybe sometimes misunderstood by the market is that if we see a day of outflows, there could be a million reasons why”

Cointelegraph

Moomoo said the prolonged six-week correction dragged cumulative lifetime net inflows down to $53.4 billion from earlier peaks, even as a brief $85.9 million single-day rebound provided interim relief.

Cointelegraph

Cryptonews.net, citing Galaxy Research, said US Bitcoin ETFs saw $6.35 billion in net outflows over a trailing 30 trading days and registered their sixth week of outflows last week, bringing cumulative net flow to $53.4 billion down from their $63 billion peak in October 2025.

Crypto Briefing added that the worst 30-day stretch since January 2024 included a 13-day consecutive outflow streak from May 15 through June 3 that accounted for roughly $4.4 billion in net redemptions, and it said the streak finally snapped with a modest net inflow of $3 million around June 4-5.

Cointelegraph quoted BlackRock US head of equity ETFs Jay Jacobs saying, "if we see a day of outflows, there could be a million reasons why," including the example of selling IBIT and buying BITA.

In the same Cointelegraph account, Jacobs said the volatility hasn’t changed BlackRock’s view of Bitcoin, adding, "Every asset class has volatility… we have over 450 exchange-traded funds within iShares."

Crypto Briefing

Crypto Briefing framed the selloff as a convergence of profit-taking, macroeconomic uncertainty, and a cooling of risk appetite, while also describing how large ETF redemptions create selling pressure because issuers must sell underlying Bitcoin holdings to meet withdrawals.

Moomoo tied the $6.35 billion outflow to triggers including fading Federal Reserve rate-cut expectations and rising bond yields, along with liquidity reallocation by fund managers raising cash for events such as SpaceX's public debut.

Moomoo said ETF flows translate into spot-market price movements through forced spot transactions by Authorized Participants (APs) like Jane Street or Virtu Financial, describing how APs buy spot Bitcoin to mint new shares and sell spot Bitcoin to burn old shares.

“US-listed spot Bitcoin exchange-traded funds recorded their largest 30-day net outflow since launching in January 2024 amid a crypto bear market”

Cryptonews.net

It also said the premium trigger occurs when institutional demand outpaces available ETF shares, while the discount drain happens when heavy selling pushes ETF shares to trade at a discount to NAV, prompting APs to redeem for physical Bitcoin and sell it on order books.

Moomoo linked the structural impact to the 2024 halving cutting miner rewards to 3.125 BTC per block, and it claimed that during aggressive inflow periods U.S. spot ETFs have absorbed up to nine times the amount of new Bitcoin mined over the same timeframe.

Cryptonews.net said Bitcoin was trading at $64,167 at the time of writing, down 17.4% over the past month, and it attributed pressure to macroeconomic factors including an increase in US inflation alongside the ongoing war between the US and Iran.