The United States spot Bitcoin (BTC) ETFs (exchange-traded funds) recorded the largest monthly cash outflows since their inception in June 2026.
The spot Bitcoin (BTC) exchange-traded funds (ETFs) from the United States have recorded a net cash outflow of more than $4 billion so far during the second quarter of 2026.
The United States spot Bitcoin (BTC) exchange-traded funds (ETFs) have ended their longest losing streak in 2026.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DI David Izzi Brown, LISLE/CUMMINGS Inc. | 2,415 | $146,964.49 | $137,437.65 | -$9,526.84 | -6.48% |
| CE Curtis Ellergodt Rothschild Investment LLC | 3,000 | $215,620 | $170,730 | -$44,890 | -20.82% |
Means Investment Company Means Investment Company Inc. | 298,606 | $22.39M | $16.99M | -$5.4M | -24.12% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 4,335 | $255,895.05 | $246,813.22 | -$9,081.83 | -3.55% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 686 | $46,053.22 | $38,875.62 | -$7,177.6 | -15.59% |
| BATS Exchange | US Country |
The described entity is a trust structured to enable investments in bitcoin. It aims to replicate the performance of bitcoin using a specific index methodology. This methodology relies on price feeds from various eligible bitcoin spot markets, incorporating a volume-weighted median price (VWMP) calculation. This calculation is updated every 15 seconds, summarizing spot market data over rolling sixty-minute periods. The trust's primary objective is to mirror the investment results that correspond to the current price of bitcoin, as measured by the index it follows. To achieve this, the trust directly holds bitcoin and commits to valuing its shares daily based on the index's methodology, with evaluations conducted at 4:00 p.m. EST each day. A designated custodian is tasked with the safekeeping of all the bitcoin assets held by the trust.
The trust allows investors to gain exposure to the movements in the price of bitcoin without the complexities of buying, storing, and safekeeping bitcoins themselves. It aims to provide a secure and straightforward way for investors to beneficially own bitcoin through a traditional investment structure, which is marked to market daily.
All bitcoins held by the trust are securely stored with a custodian. This service ensures the safety and security of the digital assets under management, relieving investors of the responsibilities and risks associated with the direct handling and storage of bitcoin. The custodian is specifically chosen for its ability to protect these assets, thus providing a layer of assurance to investors in the trust.
The trust's valuation is uniquely tied to an index that reflects the price of bitcoin in the spot market, utilizing a VWMP methodology. This index is meticulously calculated every 15 seconds, summarizing data from the past sixty minutes to ensure that the trust’s share value is accurately reflecting the real-time price movements of bitcoin. This innovative approach provides a transparent and objective basis for the valuation of the trust's holdings, catering to investors' needs for reliable and up-to-date pricing information.