US bitcoin ETFs see seventh straight day of outflows, tying record

Roughly $1.1 billion has left the US spot funds since June 13 as BTC price is down more than 10% in past month

article-image

Andrii Sedykh/Shutterstock and Adobe modified by Blockworks

share

US spot bitcoin ETFs endured net outflows for a seventh straight trading day on Monday — tying a record run earlier this year.

The 10 funds, tracked by Farside Investors, have collectively bled assets each trading day from June 13 to June 24 (excluding the Juneteenth federal holiday).

Outflows have totaled roughly $1.1 billion over those seven days — an average of $162 million per day, the data shows. Notably, Fidelity’s Wise Origin Bitcoin Fund (FBTC) has seen more capital exit its coffers than the outflow-leading Grayscale Bitcoin Trust ETF (GBTC).

The segment’s asset leader — BlackRock’s iShares Bitcoin Trust (IBIT) — has maintained very slight inflows of about $21 million during the run. 

Overall, the fund category’s net inflows since the January launches have dipped to about $14.4 billion.  

Read more: Empire Newsletter: Bitcoin surfs Elliot Waves to beat the heat

The streak is nearly unprecedented. 

Seven consecutive days of outflows happened just once before, from April 24 to May 2, Farside Investors data indicates. 

Negative flows during that span were only slightly heavier that time around, amounting to about $1.2 billion. About half of the hemorrhaging — $564 million — came on May 1 alone

Read more: Why tracking bitcoin ETF flows matters. And why it doesn’t.

Analysts had, in part, attributed the outflow streak from April 24 to May 2 to investors taking profits after seeing big price appreciation on their shares. 

This latest spot bitcoin ETF net outflow streak coincides with a substantial BTC price dip.

BTC price briefly fell below $60,000 on Monday. It was at about $61,760 at 11 am ET Tuesday — down 7% from a week ago.

Industry analysts and executives have noted the lack of near-term catalysts for the asset given upcoming Mt. Gox repayments, miners selling their BTC holdings and the Fed holding interest rates steady earlier this month. 

Still, some expect bitcoin to hit a new all-time high above $73,000 in the coming months amid inflationary pressures, an ultimate Fed interest rate cut and continued institutional adoption. 

The result of the US election in November could also prove to be a catalyst for BTC, depending on the winner. 


Get the news in your inbox. Explore Blockworks newsletters:

Tags

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

recent research

Unlocked by Template.png

Research

The march toward an interoperable and onchain-by-default internet depends on reliable messaging and value transfer across heterogeneous domains. Crosschain protocols now process >$1.3T in combined annual transfer volume and secure tens of millions of user interactions, yet no single design dominates.

article-image

The goal, per Santiago Santos, is to make crypto a relatable piece of tech for people who may not even understand it

article-image

Stripe stablecoin unit aims to operate under a federal charter enabling regulated stablecoin issuance and custody services

by Blockworks /
article-image

Will TradFi make crypto better or create more problems than it solves?

article-image

Subtle decisions by risk curators saved Aave from significant turmoil

article-image

The new Rootstock Institutional unit aims to connect professional investors to Bitcoin-native yield and liquidity strategies anchored in BTC’s security layer

by Blockworks /
article-image

DOJ files record civil forfeiture against more than 127,000 BTC linked to scam activity

by Blockworks /