Galaxy Research Flags Record $6.35B Bitcoin ETF Outflow, 17% Price Drop
GLXY•Galaxy Research reported a record $6.35 billion net outflow from US spot Bitcoin ETFs over the past 30 days, marking six consecutive weeks of withdrawals and the largest drawdown in 582 tracked windows. Bitcoin dropped 17% over the same period.
1. Record ETF Outflows
US spot Bitcoin ETFs recorded a 30-day net withdrawal of $6.35 billion, the largest in 582 tracked rolling windows, and extended a sixth straight week of outflows.
2. Bitcoin Price and Flow Trends
Bitcoin’s price fell 17% over the past month as outflows peaked, while weekly ETF redemptions slowed by 87% from early-June highs of $1.72 billion to approximately $226 million last week.
3. Implications for Galaxy Digital
These historic outflows may reduce trading volume and asset management fees for Galaxy Digital, though the recent deceleration suggests potential stabilization in revenue streams if outflows continue to ease.
