Woofun AI reports that US-listed spot Bitcoin ETFs recorded their largest daily net outflows of June on Thursday, shedding $696.3 million as Bitcoin fell below $60,000. This single-day withdrawal surpassed the previous monthly high of $519.2 million logged on June 2, driving June's total outflows to $3.61 billion and year-to-date net outflows to $4.6 billion. The exodus coincides with a broader deceleration in institutional demand, pushing total net assets below $73 billion for the first time since late 2024.

Total net assets in US spot Bitcoin ETFs reached a record $169.5 billion in October 2025 before collapsing under the weight of a roughly 50% price drop from that peak. As of Friday, the figure stood at about $72.6 billion, representing a decline of roughly 57% from the all-time high. Data compiled by Woofun AI shows the funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days.

Strategy, the world's largest corporate Bitcoin holder, has significantly reduced its accumulation pace in June, sparking debate over cash conservation during the downturn. Company filings indicate Saylor's Strategy bought roughly 3,600 Bitcoin so far in June, a sharp drop from about 25,000 BTC in May and more than 50,000 BTC in April. The slowdown included a net sale of 32 BTC earlier in the month, marking one of the few instances the company has sold Bitcoin during its accumulation period.

Pressure is mounting on Strategy's perpetual preferred stock, STRC, which has traded below its intended $100 level and closed at $75.69 on Thursday, down 6.37%. CryptoQuant analysts have raised concerns regarding the company's timing and risk management, suggesting a pause in BTC purchases to rebuild cash reserves. Conversely, Bitcoin advocate Samson Mow argued that STRC possesses a "self-repairing mechanism" that activates when trading below the $100 benchmark.

Mow noted that the company pauses new share issuance through its ATM program at that specific price level, effectively limiting new supply to support the valuation. This structural defense contrasts with the immediate sell-off pressure observed across the ETF sector. The simultaneous retreat of both ETF inflows and corporate buying signals a synchronized shift in institutional risk appetite.