Bloomberg: Bitcoin institutional buying slows down simultaneously, spot ETFs suffer worst monthly redemptions since listing On June 30th, according to Bloomberg, Bitcoin is currently facing pressure from a simultaneous weakening of institutional demand, mainly reflected in two aspects: firstly, the US listed spot Bitcoin exchange traded fund (ETF) experienced the most severe monthly capital outflow since its product launch in January 2024 in June 2026; Secondly, there are still doubts in the market about the sustainability of the financing model related to the largest enterprise holders of Bitcoin, which weakens the support of institutional buying for prices. Data shows that 13 spot Bitcoin ETFs in the United States had a total net outflow of over $4.1 billion in June, marking the largest monthly redemption scale since the product went public. Among them, BlackRock's largest spot Bitcoin ETF IBIT recorded approximately $3 billion in fund outflows, accounting for the majority of the total outflows for the month. The report points out that against the backdrop of continuous withdrawal of ETF investors and questioning of corporate demand logic, Bitcoin's dependence on institutional funds is facing more obvious tests, and market fragility is increasing accordingly.