Key Takeaways
- Thursday saw US spot Bitcoin ETFs experience $696.3M in withdrawals — the highest single-day figure for June
- Bitcoin ETF net outflows have accumulated to $4.6 billion in 2025
- ETF total net assets have declined approximately 57% from the October 2025 high of $169.5 billion
- Strategy maintains 844,000 BTC purchased at roughly $75,600 average, facing more than $13 billion in paper losses
- STRC, Strategy’s preferred stock, currently trades approximately 27% under its $100 par value, challenging the company’s funding approach
Bitcoin maintained a position near $60,240 on Saturday, registering a 0.40% daily increase, while ETF redemption pressures and uncertainties surrounding Strategy’s financial structure kept market sentiment cautious.
Spot Bitcoin exchange-traded funds listed in the United States experienced their most significant single-day capital exodus of June on Thursday, recording $696.3 million in net withdrawals. This figure surpassed the previous monthly peak of $519.2 million registered on June 2, based on SoSoValue tracking data.
Accumulated June ETF outflows have now climbed to $3.61 billion, bringing the year-to-date net withdrawal total to $4.6 billion.
Aggregate net assets across US spot Bitcoin ETFs have declined to under $73 billion — marking the lowest threshold since the closing months of 2024. This represents a substantial decrease from the peak of $169.5 billion achieved in October 2025, translating to approximately a 57% reduction.
According to WalletPilot analytics, ETFs collectively held 1.24 million BTC as of Tuesday, with roughly 63,500 BTC exiting these investment vehicles during the preceding 30-day period.
Strategy’s Acquisition Pace Decelerates
Strategy, holding the distinction as the planet’s largest corporate Bitcoin accumulator, has acquired approximately 3,600 BTC throughout June to date. This marks a considerable slowdown from the roughly 25,000 BTC purchased in May and the over 50,000 BTC acquired during April.
The corporation also documented an uncommon net disposal of 32 BTC earlier this month. Strategy currently maintains 844,000 BTC with an average acquisition cost of approximately $75,600 per token, resulting in unrealized losses exceeding $13 billion at present market valuations.
These paper deficits surpass the complete market capitalization of multiple prominent cryptocurrencies, including Dogecoin, Cardano, and Chainlink.
STRC Experiences Downward Pressure Before June 30 Adjustment
Strategy’s perpetual preferred equity instrument, STRC, concluded Thursday’s trading at $75.69, declining 6.37% during the session and currently positioned approximately 27% beneath its $100 par value. The effective yield has escalated to around 15%, up from the designated 11.5% rate.
June 30 represents a critical milestone — STRC shares will begin trading ex-dividend and experience their monthly rate adjustment. Shareholders maintaining positions prior to this date will be entitled to a $0.48 per share distribution on July 15.
Ripple’s CEO Brad Garlinghouse shared with CNBC that while he maintains an optimistic outlook on Bitcoin, he expressed criticism regarding Strategy’s dependence on preferred equity issuance to finance BTC acquisitions, characterizing it as financial maneuvering rather than sustainable value generation.
Cryptocurrency market analyst alicharts noted on X that Bitcoin infrequently trades beneath its 200-week simple moving average, and that historical patterns indicate these instances have represented powerful long-term accumulation windows. The analyst recommended this is “exactly when you want to deploy a dollar-cost averaging strategy.”
Bitcoin continued hovering around the $60,000 threshold as of Saturday morning, with market participants monitoring the June 30 STRC dividend adjustment as the upcoming focal event.
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