Key Takeaways Spot bitcoin ETFs hit a record low with $4.5 billion in net outflows during June. The flight pushed bitcoin down 20% for the month, locking its price near $60,000. Ethra’s CEO expects bitcoin to consolidate in the mid-$60,000s until the Fed turns dovish. Record Outflows Hit Bitcoin Funds Net outflows from spot bitcoin exchange-traded funds (ETFs) topped $4.5 billion in June 2026, making it the worst monthly withdrawal since their approval in early 2024. For some observers, the $4.5 billion flight was not a minor blip; rather, it was a heavy, coordinated retreat by institutional allocators. Data shows …