Bitcoin ETFs Post First Losing Half-Year on Record with $5.4 Billion in Net Outflows

Bitcoin spot exchange-traded funds (ETFs) have ended their first losing half-year on record, reporting $5.4 billion in net outflows according to analysis by DWF Labs.

The category had been experiencing steady accumulation since launch, but January saw a weak opening with $1.6 billion in flows erased, and cumulative net inflows fell to $53.8 billion by February 23.

April briefly restored confidence, with cumulative flows recovering to $59.8 billion by May 6, largely due to Blackrock's IBIT, which accounted for 99.6% of the category's April inflow.

However, this recovery was short-lived, and from May 15 to June 3, bitcoin ETFs suffered 13 straight trading sessions of outflows, pulling $4.4 billion from the category and erasing April's gains.