Bitcoin ETFs Just Lost Over 100,000 BTC in 2026: CryptoQuant

Highlights:

• CryptoQuant analyst noted that over 100,000 BTC have reportedly left Bitcoin ETF holdings this year amid growing selling pressure.
• Bitcoin ETFs are now facing their biggest decline since launch, with losses estimated at above $11 billion.
• Many BTC holders are now sitting on losses as the realized price stays near $73,000.

Bitcoin exchange-traded funds (ETFs) are facing their biggest pressure since launch as large amounts of BTC continue to leave ETF providers’ reserves. In a June 30 post on X, CryptoQuant analyst Darkfost said more than 100,000 BTC have left ETF reserves in this year alone. He also said the drop rises to more than 160,000 BTC when measured from the all-time high in ETF-held Bitcoin last October.

🚨 100,000 BTC Leave the ETFs !

Liquidity drainage from ETFs isn’t stopping, and for the first time since ETFs have existed, more than 100,000 BTC have left ETF providers’ reserves.

—> And that’s just for 2026.

💥 If we start from BTC’s all-time high held by these entities… pic.twitter.com/B6HqPHpO3X

— Darkfost (@Darkfost_Coc) June 30, 2026

The latest flow data also shows that the pressure has not fully stopped. Farside Investors reported that U.S. spot Bitcoin ETFs recorded a net outflow of $231 million on June 29. BlackRock’s iShares Bitcoin Trust, known as IBIT, led the exits with $300.4 million in outflows. Fidelity’s FBTC also posted a small $3.9 million outflow, while some funds, including Ark’s ARKB and Grayscale’s GBTC, saw inflows that reduced the total loss for the day.

ETF Redemptions Add Pressure to Bitcoin

The outflows come after a difficult week for Bitcoin ETF demand. From June 22 to June 26, U.S. spot Bitcoin ETFs lost about $1.79 billion in net outflows. During that period, IBIT alone accounted for a major share of the selling pressure, including a $444.5 million outflow on June 26.

Darkfost described the current ETF drawdown as the largest since these products entered the market. He estimated the loss at more than $11 billion. His post also pointed to Bitcoin’s realized price near $73,000. It suggests that many holders who bought during stronger market conditions are now sitting on unrealized losses.

Bitcoin ETFs became one of the strongest demand channels for BTC after their launch. They allowed traditional investors to gain exposure to Bitcoin through regulated funds rather than buying and storing coins directly. During the bull market, ETF inflows helped support Bitcoin’s rise. Now, the same products are showing the other side of that trend as investors reduce exposure.

Weak Demand and Market Fear Weigh on BTC

The weakness in Bitcoin ETFs comes as BTC continues to trade near $60,000. At the time of writing, Bitcoin was priced around $59,431, down 1% over the past 24 hours, according to CoinMarketCap. The price is now about 53% below its October record high of more than $126,000.

The main reason behind the outflows appears to be weaker risk appetite. Investors have been moving away from high-risk assets as the Federal Reserve stays hawkish and rate-cut hopes fade. Higher bond yields can make non-yielding assets like Bitcoin less attractive, especially for large funds that compare crypto with traditional markets.

Earlier in June, ETF outflows were linked to macro pressure, stronger U.S. jobs data, higher Treasury yields, and geopolitical uncertainty. These conditions have led some investors to reduce their exposure rather than buy the dip. The latest data does not mean all institutional demand has disappeared. U.S. spot Bitcoin ETFs still have large cumulative inflows since launch. 

Darkfost also noted that the ETF reserve drop shows strong market pressure, but it does not predict how much further Bitcoin could fall.

True but this don’t tell how dip it can go

— Darkfost (@Darkfost_Coc) June 30, 2026

The pressure is not limited to Bitcoin ETFs. Darkfost also noted that 84% of altcoins are trading below their 200-day moving average, showing that weakness remains spread across the wider crypto market.