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US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000.
Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged on June 2, <a href="https://sosovalue.com/assets/etf/us-btc-spot" rel="noopener noreferrer nofollow">according</a> to SoSoValue data.
The latest withdrawals pushed June’s total outflows to $3.61 billion, bringing year-to-date net outflows to $4.6 billion.
<img alt="" height="231" src="https://s3-images.ctmedia.io/media/content/pasted-image-1703.png" width="1033">
Monthly flows in US spot Bitcoin ETFs as of Friday. Source: SoSoValue&nbsp;
The ETF outflows coincide with signs that other large sources of institutional Bitcoin demand are also slowing. Strategy, the world's largest corporate Bitcoin holder, has reduced its accumulation pace in June, prompting debate over whether the company should conserve cash during the market downturn.
<h2 id="etf-assets-down-57-from-2025-peak">ETF assets down 57% from 2025 peak</h2>
US-listed spot Bitcoin ETFs have seen total net assets fall below $73 billion for the first time since late 2024, as recent outflows and a roughly 50% drop in Bitcoin’s price from its October peak weigh on the sector.
According to SoSoValue, total net assets in US spot Bitcoin ETFs reached a record $169.5 billion in October 2025. As of Friday, that figure stood at about $72.6 billion, a decline of roughly 57%.
<img alt="" height="369" src="https://s3-images.ctmedia.io/media/content/pasted-image-1704.png" width="1282">
BTC holdings for US spot Bitcoin ETFs as of market close on Tuesday. Source: <a href="https://www.walletpilot.com/bitcoin-tracker/etfs" rel="noopener noreferrer nofollow">Wallet Pilot</a>
Separate data from WalletPilot shows the funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days.
<h2 id="strategy-slows-bitcoin-buying-in-june-to-about-3-600-btc-amid-criticism">Strategy slows Bitcoin buying in June to about 3,600 BTC amid criticism</h2>
Some analysts argue that Strategy <a href="https://cointelegraph.com/news/strategys-dividend-coverage-falls-14-months-cryptoquant" rel="noopener noreferrer nofollow">should pause BTC purchases</a> and rebuild its cash reserves.
Saylor’s Strategy bought roughly 3,600 Bitcoin so far in June, down from about 25,000 BTC in May and more than 50,000 BTC in April, <a href="https://www.strategy.com/purchases" rel="noopener noreferrer nofollow">according</a> to company filings.
The slowdown also included a <a href="https://cointelegraph.com/news/strategy-first-ever-bitcoin-sale-offloads-32-btc" rel="noopener noreferrer nofollow">net sale of 32 BTC</a> earlier in the month, one of the few times the company has sold Bitcoin during its accumulation period.
Related: <a href="https://cointelegraph.com/news/strategy-300-million-usd-reserve-acquires-520-btc" rel="noopener noreferrer nofollow">Strategy adds $300M to USD Reserve, acquires 520 BTC</a>
Strategy’s perpetual preferred stock, STRC, has come under pressure, trading below its <a href="https://www.strategy.com/press/strategy-announces-pricing-of-strc-perpetual-preferred-stock_07-25-2025" rel="noopener noreferrer nofollow">intended</a> $100 level. STRC closed at $75.69 on Thursday, down 6.37%.
<img alt="" height="827" src="https://s3-images.ctmedia.io/media/content/pasted-image-1705.png" width="650">
Source: <a href="https://x.com/jjcmoreno/status/2070224789625856427" rel="noopener noreferrer nofollow">Julio Moreno</a>
The move has fueled debate over Strategy’s Bitcoin-buying model. CryptoQuant analysts have raised concerns about the company’s timing and risk management.
On the other hand, Bitcoin advocate Samson Mow <a href="https://x.com/Excellion/status/2068968925618995587" rel="noopener noreferrer nofollow">said</a> STRC has a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He noted that the company pauses new share issuance through its ATM program at that level, which limits new supply.
Magazine: <a href="https://cointelegraph-magazine.com/bitcoin-price-decline-rebound-xrp-risk-hype-token-market-moves/" rel="noopener noreferrer nofollow">Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves</a>

Bitcoin ETFs post June's biggest daily outflows as BTC falls below $60K

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