Institutional Investors De-Risk Digital Asset Holdings

The latest Strategy Watch report from Bitget shows that institutional investors are de-risking their positions in digital assets. In June, net capital left every major asset, with spot ETFs shedding Bitcoin and Ethereum while treasury vehicles kept accumulating, but at a slower pace by month-end.

The Institutional Flow Monitor section of the report reveals that US spot ETFs posted net outflows of -69.2k BTC and -292.9k ETH in June, while treasury vehicles leaned the other way, closing at +5.4k BTC and +280.6k ETH. However, the pace of treasury accumulation was slower by month-end.

The report also notes that on-chain yield participation weakened again in June, with Total Value Locked (TVL) on Ethereum falling from $41.9B to $37.2B. The 30-day flow rate stayed negative throughout and widened to -$4.5B by the close of the month.