June 2026 saw an alarming record: U.S. spot Bitcoin ETF funds reported net outflows of up to $4.5 billion USD. This is the month with the largest negative capital flows since these funds launched in January 2024. 📉 BlackRock IBIT was hit the hardest, with more than $3.55 billion USD withdrawn from the fund.
This move comes as the Fed maintains a "higher-for-longer" stance under the leadership of Chair Kevin Warsh, reducing the appeal of risk assets such as crypto. Bitcoin fell 20.48% in June, the steepest drop since June 2022. Ethereum ETFs also saw $528.99 million USD in outflows.
Competition from AI stocks and major IPOs (like SpaceX) is also seen as a factor drawing capital away from the crypto market. The market is watching to see whether this trend reverses in Q3. 📊
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