Bitcoin drops under $59,000 following ETFs recording their worst month ever in June.

Summary

• Bitcoin is trading under $59,000, experiencing a 20% decrease in June, making it the worst month for Bitcoin ETFs so far.
• Bitcoin ETF net redemptions totaled $4.5 billion in June, exceeding the previous record by 29%.
• IBIT from BlackRock spearheaded the outflows, with $3.55 billion exiting the fund during the month.
• SpaceX’s actions and the Federal Reserve’s stance increased risk aversion, affecting the cryptocurrency market.
• Bitcoin experienced a nearly 22% increase in implicit volatility in June, in response to the cryptocurrency’s price decline.

Bitcoin is trading under $59,000 on Wednesday, with a 0.6% decline in the last 24 hours and a 20% decrease in June. The cryptocurrency is priced at US$ 58,879 or about R$ 309.625. Last month saw the poorest showing for Bitcoin ETFs in the U.S., with net outflows of $4.5 billion, surpassing the previous record of $3.48 billion set in February 2025 by 29%.

In the broader cryptocurrency market, Ethereum decreases by 0.2% to $1,579, Solana rises by 2.5%, BNB declines by 0.6%, and XRP remains stable.

ETF Sangria’s value increases to $4.5 billion.

June has become the worst month for stock exchange-traded funds since the introduction of Bitcoin ETFs in January 2024, with net losses of $4.5 billion, surpassing the previous record set in February 2025.

BlackRock’s IBIT experienced significant outflows, with $3.55 billion withdrawn from the fund during the month. On June 30th alone, the IBIT saw a net outflow for the ninth consecutive day, totaling $22 million. The total assets managed by the Bitcoin ETF dropped from $83 billion in early June to $71 billion currently.

SpaceX and the Federal Reserve increase cautiousness towards risk.

SpaceX made its debut on June 12, generating $75 billion in its initial public offering, signaling a shift in investors’ interest. Retail investors set new records for purchases on the first trading day, but the excitement quickly waned.

Five days following the launch of SpaceX, the initial gathering of the Federal Reserve during Kevin Warsh’s presidency indicated a notable shift in interest rates, rejecting reductions. This stance by the central bank heightened risk aversion, hastening the performance of Bitcoin ETFs.

Volatility rises for the first time since February.

The Volmex-measured 30-day Bitcoin implied volatility index surged by nearly 22% in June, marking its highest monthly increase since February. This uptick came in response to a 20% decrease in Bitcoin’s price last month, causing the cryptocurrency to slip below the $60,000 mark.

The BTC volatility index has shown a consistent inverse relationship with the price since 2024, with higher fear levels leading to price drops, as seen in June with significant intensity compared to earlier in the year.

• Cryptus
• Economic situation
• Marketplace
• Bitcoin
• BlackRock
• BNB
• Exchange-Traded Funds
• Ethereum
• Federal Reserve
• Federal Reserve
• Solana
• Space Exploration Technologies (SpaceX)
• XRP