Warm Welcome, Tagus Community, June 22, 2026
Bitcoin ETF Flows Show Early Stabilisation: US Bitcoin ETFs initially appear to continue to record sizeable net outflows, with month-to-date withdrawals of around $2.3bn compared with $2.4bn net selling in May, marking a clear reversal from the stronger inflow momentum seen in March (+$1.3bn) and April (+$2bn). However, recent data suggests the intensity of selling pressure is easing, with daily outflows declining sharply in late June after a prolonged period of heavy redemptions between mid-May and early June, alongside occasional modest inflows, e.g., on 12 June and 16 June. While the market has not yet returned to sustained net inflows, the slowdown indicates that the most aggressive phase of institutional de-risking is fading, with flows shifting toward more selective and balanced positioning. Overall, this points to a stabilising but still fragile ETF demand backdrop, where investors are no longer accelerating exits but are gradually repositioning capital, providing a potential floor to downside even as macro uncertainty persists.
