US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded another $296 million in net outflows over the past 24 hours, equal to roughly 5,050 BTC. BlackRock led the redemptions, with Grayscale, Fidelity, and ARK Invest also posting losses.
Glassnode data shows the sell-off has now reached $8.95 billion since May 7. Bitcoin trades near $61,600, up 2.4% in 24 hours, but flow data suggests the bounce rests on fragile ground.
Glassnode's US spot ETF net flow data shows demand weakening since late September 2025. Daily inflows peaked above $1.2 billion back then. Since then, positive days have grown smaller and less frequent.
The decisive shift arrived on May 7. Since that date, the funds have posted only five positive sessions. The remaining 34 trading days were negative, draining $8.95 billion in total.
June alone accounted for $4.5 billion, the worst monthly outflow since the products launched in January 2024. Meanwhile, bitcoin fell 20.48% over the month, its steepest drop since June 2022.
Glassnode data shows the sell-off has now reached $8.95 billion since May 7. Bitcoin trades near $61,600, up 2.4% in 24 hours, but flow data suggests the bounce rests on fragile ground.
Glassnode's US spot ETF net flow data shows demand weakening since late September 2025. Daily inflows peaked above $1.2 billion back then. Since then, positive days have grown smaller and less frequent.
The decisive shift arrived on May 7. Since that date, the funds have posted only five positive sessions. The remaining 34 trading days were negative, draining $8.95 billion in total.
June alone accounted for $4.5 billion, the worst monthly outflow since the products launched in January 2024. Meanwhile, bitcoin fell 20.48% over the month, its steepest drop since June 2022.
4 months ago
