U.S. spot Bitcoin ETFs saw outflows of $1.72 billion for the week of June 1 to June 5 — marking the second largest weekly outflow in the product's history. This outflow trend has continued for the fourth consecutive week, while Bitcoin itself has plummeted from around $82,000 to $61,000 during this period.

The only worse week was just before February 28, 2025, when funds lost $2.61 billion. It's been about 15 months since then. The Cumulative Total Net Inflow into Bitcoin ETFs historically stands at $53.94 billion — this is the total amount invested by traders minus withdrawals since the funds launched. Meanwhile, Total Net Assets — the market value of Bitcoin in these funds currently — amount to $75.12 billion, down from $104.29 billion in mid-May.

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Four consecutive weeks of outflows

Outflows have been increasing over the past month. For the week from May 11 to 15, funds lost $1.00 billion, from May 18 to 22 — $1.26 billion, from May 25 to 29 — $1.42 billion, and from June 1 to 5, the outflow accelerated to $1.72 billion. In total, about $5.4 billion has left the market over the four weeks.

Within the last week, nearly every day showed negative returns. According to the data, on June 1, funds lost $483.76 million, on June 2 — $519.19 million, on June 3 — $396.60 million, and on June 5 — $325.69 million. The only day with inflows was June 4, but symbolically — just $3.05 million.

The outflow coincided with a sharp drop in the price of the leading cryptocurrency. On May 11, when the first of four weeks of outflows began, Bitcoin was trading in the $80,000–82,000 range. By June 5, the price plummeted to a cycle low of $59,131, and at the time of this data, it was around $61,752.

From the historical high of $126,199 reached on October 6, 2025, Bitcoin has lost 51.02%. This means the asset has more than halved from its peak, and it was during this decline that we saw the record series of outflows from funds.

What does this mean for the market?

The second-largest outflow week in Bitcoin ETF history confirms that the institutional demand that propped up the market has now reversed. Capital has been flowing out of funds for four consecutive weeks, and this pressure is contributing to price drops, intensifying the bearish trend.

It's important to consider the context: while the outflow last week was the second-highest on record, it still didn’t reach the peak set in February 2025. The future of the market will depend on whether the outflow stops and buyers return — without a revival of inflows into the ETF, it's premature to discuss a sustainable bottom.

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