Bitcoin (BTC) Price: ETF Outflows Hit June High as BTC Holds Around $60,000

TLDR

• US spot Bitcoin ETFs recorded $696.3M in daily outflows on Thursday — the largest single day in June
• Year-to-date net outflows from Bitcoin ETFs have reached $4.6 billion
• Total ETF net assets have dropped ~57% from their October 2025 peak of $169.5 billion
• Strategy holds 844,000 BTC at an average price of ~$75,600, sitting on over $13 billion in unrealized losses
• Strategy’s preferred stock STRC is trading ~27% below its $100 par value, raising questions about its capital-raising model

Bitcoin was trading around $60,240 on Saturday, up 0.40% on the day, as pressure from ETF outflows and concerns over Strategy’s financing model continued to weigh on sentiment.

US-listed spot Bitcoin ETFs posted their largest single-day outflows of June on Thursday, shedding $696.3 million. That topped the previous June high of $519.2 million set on June 2, according to SoSoValue data.

June’s total ETF outflows now stand at $3.61 billion, pushing year-to-date net outflows to $4.6 billion.

Total net assets in US spot Bitcoin ETFs have fallen below $73 billion — the lowest level since late 2024. That compares to a record $169.5 billion reached in October 2025, a drop of roughly 57%.

WalletPilot data shows ETFs held a combined 1.24 million BTC as of Tuesday, with around 63,500 BTC leaving the products over the past 30 days.

Strategy’s Buying Slows

Strategy, the world’s largest corporate Bitcoin holder, bought roughly 3,600 BTC in June so far. That’s down sharply from around 25,000 BTC in May and more than 50,000 BTC in April.

The company also recorded a rare net sale of 32 BTC earlier this month. Strategy holds 844,000 BTC at an average purchase price of about $75,600 per coin, leaving it with over $13 billion in unrealized losses at current prices.

Those paper losses are larger than the entire market cap of several well-known cryptocurrencies, including Dogecoin, Cardano, and Chainlink.

STRC Under Pressure Ahead of June 30 Reset

Strategy’s perpetual preferred stock, STRC, closed at $75.69 on Thursday, down 6.37% on the day and trading roughly 27% below its $100 par value. Its effective yield has risen to around 15%, up from its stated 11.5% rate.

June 30 is a key date — STRC shares will trade ex-dividend and undergo their monthly rate reset. Investors holding shares before that date will receive a $0.48 per share dividend on July 15.

Ripple CEO Brad Garlinghouse told CNBC he remains bullish on Bitcoin but criticized Strategy’s reliance on preferred stock issuance to fund BTC purchases, calling it financial engineering rather than long-term value creation.

Crypto analyst alicharts pointed out on X that Bitcoin rarely trades below its 200-week simple moving average, and that historically those moments have been strong long-term accumulation opportunities. The analyst suggested this is “exactly when you want to deploy a dollar-cost averaging strategy.”

Bitcoin remained near the $60,000 level as of Saturday morning, with the June 30 STRC dividend reset being the next key event traders are watching.

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