U.S. spot Bitcoin ETFs have clocked $2.1 billion in net outflows during the first 11 days of June, according to data watched by analysts. That makes it one of the heaviest withdrawal periods since the funds launched. But the rate of selling is easing.
The June selloff
The $2.1 billion figure represents redemptions across all ten spot Bitcoin ETFs that started trading in early 2024. The outflows have been broad-based, hitting large funds and smaller ones alike. In just over a week and a half, investors have pulled more than some funds attracted over entire months earlier this year.
Signs of a slowdown
Analysts tracking the daily flow data say the pace has moderated in recent sessions. While the first week of June saw heavy and sustained withdrawals, the second week has shown a noticeable cooldown. The exact daily figures aren't public in real time, but analysts point to a clear trend: the selling pressure is easing. The reason isn't pinned down from the data alone — it could be that the most eager sellers have finished, or that prices stabilized enough to pause the panic.
What traders are watching
The next few days will show whether the moderation holds or fades. If the slower pace continues, June's total outflow might still end up large but not catastrophic. Markets are watching for any catalyst — a regulatory move, a macro shift, a price trigger — that could reverse the flow entirely. For now, the numbers show a pause, not a turnaround.
