The honeymoon is officially over. US-listed spot Bitcoin ETFs have just closed their worst half-year on record, with net outflows totaling $5.4 billion in the first six months of 2026.
That is the first negative half-year since these products launched in January 2024.
A streak that Wall Street would rather forget
June was the month that really broke things. The month saw roughly $4.5 billion exit spot Bitcoin ETF products, the largest monthly outflow ever recorded for this asset class.
Before June even wrapped up, an eight-week outflow streak running from mid-May through early July had already surpassed $8 billion in total redemptions.
