On June 22, 2026, the US spot Bitcoin ETF market recorded net outflows of $68.18 million. This decline is explained by massive redemptions on BlackRock’s IBIT and Grayscale’s GBTC. These outflows completely overshadowed the positive performance of Ark Invest (+$64 million) and Fidelity (+$57.38 million). Above all, it reflects a strong polarization among institutional investors.