Global Crypto ETPs Fell 15% to $140 Billion as Bitcoin Hit Lowest Level in 21 Months

Key Insights

• Global crypto ETPs decline 15% to $140 billion amid outflows and a price decline.
• Bitcoin accounted for most of this decline, falling to its lowest price since September 2024.
• Bitcoin rebounded to $60,000 today, amidst reduced odds of a rate hike.

Assets under management (AUM) for crypto investment products have fallen to $140 billion. Data from Sentora revealed this, showing a 15% decline since the start of the year.

The drop comes amid a broad decline in cryptocurrency prices, with several digital assets now trading at more than half their peak values.

Bitcoin Decline in 2026 Drives Down AUM As Outflows Increase

Unsurprisingly, the decline in Bitcoin’s price is a key factor in the AUM decline. Bitcoin accounts for more than 70% of the global crypto ETP market value and is trading at less than 50% of its peak.

At the start of the year, Bitcoin ETPs alone had over $140 billion in AUM, contributing to the sector’s $181 billion in AUM. However, global Bitcoin ETP AUM  has now dropped to $114.6 billion.

Interestingly, the decline owes more to price than to investors withdrawing. Sentora data shows that Bitcoin holdings by ETPs have fallen only 8% from the all-time high of 1.25 million BTC.

This shows that insertions, rather than institutional exits, mark-to-market moves are the major reason for the drop in AUM.

Still, outflows from crypto ETPs are increasing, with CoinShares data showing there have now been several consecutive weeks of outflows this year.

US spot Bitcoin ETFs saw $4.5 billion in outflows in June 2026, making it the worst-performing month ever for the product.  There are no signs of respite yet, as the ETFs have seen consecutive days of outflows since June 17.

Bitcoin Climbs Back to $60,000 in Possible Sign of Rebound.

Meanwhile, BTC is showing signs of a rebound, rising 2% today to regain $60,000. It had previously fallen to its lowest value in almost two years, hitting $57,747.

The turnaround follows weaker-than-expected US jobs data, which lowered the odds of a rate hike. There has been speculation that the Federal Reserve may hike interest rates this year amidst rising inflation.

However, the Fed chair, Kevin Warsh, refused to confirm whether there is a plan for a hike. This ambiguity suggests the Fed’s hawkish stance might be softening in light of new data.

Interestingly, there are also signs that long-term holders are returning to accumulate. Glassnode analysts confirmed this, noting it could be an early sign of a bottom.

It stated that holders across all categories have started accumulating. While small holders with less than 1 BTC and those holding 100 to 1000 BTC have been the strongest accumulators, larger cohorts have also picked up.

The  analysts noted  increasing accumulation across all cohorts has historically “provided a constructive foundation for longer-term market recoveries.” However, sustained buying is necessary to confirm this, as the majority of BTC supply is now held at a loss.

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