Bitcoin ETFs shed $4.4 billion in 13 days as the Fed's rate pivot redraws the institutional trade

US spot Bitcoin ETFs shed $4.4 billion across a record 13-day outflow streak in June 2026, with a single week logging $3.4 billion in redemptions. The selloff is less a crisis of conviction than a rational response to Kevin Warsh's Fed repricing rate expectations, with long-term holders actually absorbing 125,000 BTC during the same period.