Twelve Bitcoin spot exchange-traded fund (ETF) products recorded net outflows totaling approximately ₩7.6 trillion (~$4.934 billion) from October 1, 2025 to June 24, 2026, according to Farside Investors data analyzed by Digital Asset on the 25th. The outflow trend intensified following the October 2025 market crash triggered by U.S. President Donald Trump's high tariff remarks on China. Since their first launch in January 2024, Bitcoin spot ETFs face the potential of recording net outflows for three consecutive quarters for the first time in history.
Bitcoin Spot ETFs Record Consecutive Quarterly Outflows Since Q4 2025
Bitcoin spot ETFs have maintained quarterly net outflows starting from Q4 2025. The breakdown shows Q4 2025 recorded approximately $1.1343 billion (~₩1.7492 trillion) in net outflows, followed by Q1 2026 with approximately $495.8 million (~₩764.7 billion), and Q2 2026 with $3.3042 billion (~₩5.0964 trillion). Although June has not fully concluded, the trend suggests the first occurrence of three consecutive quarters of net outflows since the products' launch.
Bitcoin spot ETFs operate on a structure where customer purchases trigger equivalent Bitcoin acquisitions, while sales result in equivalent Bitcoin disposals. Increased net outflows create proportional selling pressure on Bitcoin.
October 2025 Crash Triggered ₩27 Trillion Futures Liquidation
The net outflow trend intensified following the October 2025 crash. Following President Donald Trump's high tariff remarks on China in October, approximately ₩27 trillion in futures liquidations occurred, marking the beginning of a downturn in the cryptocurrency market.
On October 13, immediately after the crash, net outflows reached approximately $336.4 million (~₩518.7 billion). This contrasted sharply with October 6, days before the crash, when net inflows reached approximately $1.2052 billion (~₩1.8583 trillion) during an upward trend. The reversal marked a sustained period of large-scale net outflows.
Bitcoin Price Declined 46% Amid Sustained Outflows
Bitcoin continued its downward trajectory in line with the sustained outflows. According to CoinMarketCap, Bitcoin declined from approximately $114,058 (~₩175.97 million) on October 1, 2025 to approximately $61,634 (~₩95.09 million) on June 25, 2026, representing a decline of approximately 46%.
FAQ
What caused the Bitcoin spot ETF outflows starting in October 2025?
The outflow trend intensified following the October 2025 market crash triggered by U.S. President Donald Trump's high tariff remarks on China, which led to approximately ₩27 trillion in futures liquidations.
How much did Bitcoin spot ETFs lose from October 2025 to June 2026?
Twelve Bitcoin spot ETF products recorded net outflows totaling approximately ₩7.6 trillion (~$4.934 billion) from October 1, 2025 to June 24, 2026, according to Farside Investors data.
How did Bitcoin's price change during the ETF outflow period?
Bitcoin declined from approximately $114,058 on October 1, 2025 to approximately $61,634 on June 25, 2026, representing a decline of approximately 46% according to CoinMarketCap data.
