Bitcoin spot ETFs saw net outflows of $4.4 billion in recent months, turning into net redemptions for the year.

On June 4, according to Bloomberg, Bitcoin-tracking US ETFs have seen a net outflow of approximately $4.4 billion in the past month, causing the year-to-date fund flow to shift from net subscriptions back to net redemptions. Despite the overall significant pullback, a few products, including IBIT, have maintained net inflows this year. Since their launch, Bitcoin ETFs have accumulated a net inflow of about $55 billion, less than $10 billion shy of their historical peak. Against the backdrop of current price corrections and weakening sentiment, the overall asset size remains significantly higher than the fund retention levels of traditional commodity ETFs during similar pullback cycles.