US spot Bitcoin ETFs have clawed back billions in recent weeks, but they’re still about $1 billion underwater for 2026. That’s the gap between what investors have pulled out and what they’ve put back in since January.
The summer that almost broke the streak
June 2026 was the villain in this story. Net redemptions from US spot Bitcoin ETFs hit roughly $4.5 billion that month alone. May wasn’t exactly a picnic either, with heavy outflows contributing to the cumulative damage.
August’s $3.5 billion comeback
Net inflows of $3.52 billion poured into spot Bitcoin ETFs during August, making it the strongest monthly performance of 2026 by a wide margin.
