U.S. Spot Bitcoin ETFs Record First Half-Year Outflows as $5.4B Exits Funds

U.S. spot Bitcoin exchange-traded funds (ETFs) posted their first-ever half-year net outflows since their launch, ending H1 2026 with $5.4 billion in redemptions, according to a report by DWF Labs.

The downturn was accompanied by sustained selling pressure, including a 13-day streak of net outflows from May 15 to June 3. Among individual funds, BlackRock’s IBIT saw approximately $5 billion in net redemptions in May and June, marking a sharp reversal from its previous role as a leading source of inflows in the category.

A similar trend emerged in Ethereum-linked products, with U.S. spot Ethereum ETFs also recording their first half-year net outflows since launch at $1.47 billion in H1 2026.

While the report pointed to some capital rotation into staking-enabled Ethereum ETF products, overall flows indicated a broader reduction in investor exposure to crypto-focused exchange-traded funds during the period.

Source: DWF Labs