US-listed spot Bitcoin exchange-traded funds saw their steepest daily net outflows of June on Thursday, extending a broader cooling in institutional demand as Bitcoin traded below $60,000.

SoSoValue data shows the ETFs collectively lost $696.3 million in net flows—above the prior monthly high of $519.2 million recorded on June 2—taking June’s total net outflows to $3.61 billion. Year-to-date, net outflows now stand at $4.6 billion.

Key takeaways

• Spot Bitcoin ETFs recorded $696.3 million in net outflows on Thursday, the largest single day of June, as Bitcoin slipped under $60,000.
• June outflows total $3.61 billion, pushing US spot ETF year-to-date net outflows to $4.6 billion, according to SoSoValue.
• Total US spot ETF assets fell below $73 billion for the first time since late 2024, down about 57% from an October 2025 peak.
• Strategy reduced its June Bitcoin buying rate to roughly 3,600 BTC so far, down sharply from May and April, with at least one small net sale reported earlier in the month.

Spot ETF outflows accelerate as Bitcoin weakens

The latest withdrawal wave underscores how quickly flows can react when price momentum turns. With Bitcoin trading below $60,000, US spot Bitcoin ETFs pulled back decisively—registering $696.3 million in net outflows on Thursday and deepening the month’s losses.

SoSoValue’s breakdown also highlights the escalation within June itself: Thursday’s figure exceeded the previous monthly high of $519.2 million set on June 2. That matters because it suggests investors’ redemption behavior is not limited to isolated days—it is broadening across the month as market conditions deteriorate.

SoSoValue further reports that June’s net outflows are now $3.61 billion, while year-to-date net outflows have reached $4.6 billion. In practice, that means ETF investors have been net sellers of exposure rather than net accumulators, even though spot ETFs were designed to provide a straightforward route into Bitcoin’s price.

ETF balance sheets shrink toward late-2024 levels

Beyond daily flows, the impact is visible in ETF balance sheets. According to SoSoValue, total net assets in US-listed spot Bitcoin ETFs dropped below $73 billion for the first time since late 2024.

SoSoValue indicates that the sector’s total net assets reached a record $169.5 billion in October 2025. As of Friday, that number had fallen to roughly $72.6 billion—an approximately 57% decline.

Separate data from WalletPilot adds another layer: the funds held a combined 1.24 million BTC as of Tuesday, and about 63,500 BTC left the products over the past 30 days. Taken together, these figures point to sustained net reductions in ETF-held Bitcoin rather than a brief drawdown.

Strategy’s June buying slows amid public pressure

ETF outflows are not the only sign of institutional appetite softening. Strategy—the largest publicly traded corporate Bitcoin holder—has reportedly reduced the pace of its purchases during June, fueling renewed debate over its approach.

Based on Strategy filings, the company bought roughly 3,600 Bitcoin in June so far. That is down from about 25,000 BTC in May and more than 50,000 BTC in April. The change is significant: it suggests Strategy is not maintaining the same monthly accumulation pace that preceded the market downturn.

The slowdown also included a notable exception earlier in the month: a net sale of 32 BTC, described as one of the few times Strategy has sold Bitcoin during its accumulation period.

Additionally, Strategy’s perpetual preferred stock (STRC) has faced pressure. The stock traded below its intended $100 level, closing at $75.69 on Thursday, down 6.37%. That has amplified scrutiny of Strategy’s capital management and timing, with CryptoQuant analysts raising concerns about the company’s risk management and purchase cadence.

Debate over timing: preserve cash vs. “self-repair” claims

The company’s reduced buying rate has split commentary in the market. Some analysts argue Strategy should pause additional Bitcoin purchases and focus on rebuilding cash reserves during a weaker period for crypto prices.

Others push back on the notion that the plan has broken down. Bitcoin advocate Samson Mow argued that STRC includes a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He also noted that Strategy pauses new share issuance through its ATM program at that level, which he said helps limit additional supply.

Whether those mechanisms are sufficient to offset the near-term pressures remains a key question for observers—especially as ETF flows continue to signal demand softness.

Investors should watch whether ETF outflows stabilize in the coming sessions and whether Strategy’s purchase pace returns closer to earlier months’ levels. If redemptions persist while corporate buying remains muted, the market may struggle to reclaim the momentum that typically draws in spot ETF inflows.

Key Highlights

• Shares of AMD advanced 2.5% Thursday, reaching an intraday peak of $550.88 before closing at $532.57
• UBS increased its price objective to $670; Gartner identified AMD as “the company to beat” in the enterprise AI server CPU market
• First quarter revenue reached $10.25 billion, representing a 37.8% year-over-year increase and surpassing analyst projections
• The company’s forward P/E ratio stands at 71x compared to Nvidia’s 23x — presenting valuation considerations
• The forthcoming MI450 processor, manufactured using TSMC’s 2nm technology, aims to compete with Nvidia’s Vera Rubin architecture

Shares of Advanced Micro Devices climbed 2.5% during Thursday’s session, peaking at $550.88 before finishing at $532.57. This represented a gain from the previous day’s close of $519.74. Trading activity registered approximately 26.7 million shares, falling about 29% short of the typical daily volume of 37.7 million.

Advanced Micro Devices, Inc., AMD

The upward movement occurred on below-average volume, indicating the rally wasn’t driven by widespread market momentum. However, the catalyst behind the move was unmistakable: a series of favorable analyst assessments.

Reports indicate UBS elevated its price objective for AMD to $670. Additionally, technology research leader Gartner designated AMD as “the company to beat” in the enterprise AI server CPU sector — a designation that resonated throughout investment circles.

The broader analyst community maintains a favorable outlook on AMD. Among those monitored by MarketBeat, 28 analysts recommend Buy, 12 suggest Hold, two rate it Strong Buy, and just one recommends Sell.

The consensus price target currently rests at $440.41, although several recent revisions have elevated forecasts considerably. Mizuho increased its target to $615 while TD Cowen adjusted upward to $600, both maintaining constructive ratings.

The company’s first quarter performance, announced on May 5th, reinforced the positive sentiment. Revenue totaled $10.25 billion, exceeding the $9.90 billion projection and marking a 37.8% increase compared to the prior year period. Earnings per share reached $1.37, topping the consensus estimate of $1.29.

Valuation Questions Persist Among Investors

Notwithstanding solid operational performance, AMD’s valuation multiple has emerged as a recurring topic among market watchers. The stock currently carries a trailing P/E ratio near 171x and a forward P/E of 71x. Nvidia, in contrast, trades at a forward P/E of approximately 23x.

Several market observers have highlighted that AMD’s elevated valuation multiples provide limited margin for disappointment. Should growth projections fall short of expectations, even marginally, the stock could experience downward pressure. One analysis noted that even Micron’s robust quarterly results failed to provide uplift to AMD shares, suggesting a more discriminating market climate.

Chief Executive Lisa Su divested 125,000 shares on June 10th at an average execution price of $460.69, generating proceeds of approximately $57.6 million. The divestiture was conducted through a previously established 10b5-1 trading arrangement. Executive Vice President Mark Papermaster similarly sold 6,000 shares on June 15th at $536.33. Both transactions were pre-scheduled rather than opportunistic.

The MI450 Represents the Next Major Milestone

AMD’s upcoming significant product launch centers on the MI450 processor, which is being produced utilizing TSMC’s cutting-edge 2-nanometer manufacturing process. This represents a generational advantage over Nvidia’s 3nm Vera Rubin architecture.

The MI450 is projected to feature 432 GB of HBM4 memory capacity, substantially exceeding Vera Rubin’s 288 GB configuration. Industry analysts also anticipate AMD will deliver superior total cost of ownership economics, a consideration that carries weight in hyperscale data center procurement decisions.

AMD’s current market capitalization hovers around $868 billion, representing a small fraction of Nvidia’s $4.9 trillion valuation. This disparity forms a central component of the bullish investment thesis — significant expansion potential remains.

The company’s data center business segment now contributes 56% of total revenue. Nvidia’s comparable segment represents 92% of its revenue mix, highlighting both how much ground AMD must cover and the substantial growth opportunity that lies ahead.

Institutional investors hold 71.34% of outstanding shares. Wall Street projects full-year earnings per share of $6.15 for the current fiscal period.

Key Highlights

• Wise shares advanced 8% following FY26 results that exceeded the firm’s profit margin guidance
• Pre-tax income reached $660.4 million with a 26.4% margin — surpassing the 20–25% target corridor
• Net revenue expanded 19% annually to $2.50 billion
• The company unveiled a $500 million share buyback initiative for FY27
• Customer base expanded 21% to 19 million users; cross-border transaction volume surged 31% to $243.5 billion

Shares of Wise (WSE) climbed approximately 8% on Friday following the fintech firm’s release of annual financial results that exceeded profit margin projections, complemented by the announcement of a $500 million share repurchase initiative.

Wise Group plc Class A Ordinary Shares, WSE

The shares were changing hands at approximately 894p on the London Stock Exchange during morning trading, representing a gain of 64 points.

The payment platform reported net revenue reaching $2.50 billion for the fiscal year concluding March 31, 2026, marking a 19% year-over-year increase. Pre-tax income totaled $660.4 million, translating to a margin of 26.4%.

This profitability metric exceeded the company’s medium-term guidance corridor of 20–25%, capturing investor attention.

BofA analysts, maintaining a buy rating with a $16.40 price objective, noted that pre-tax profit exceeded their projection by 6.6% and consensus estimates by 1.3%.

The analysts identified a $70 million non-recurring U.S. GAAP foreign exchange adjustment linked to specific government bonds as the primary factor impacting operating income, which settled at $590.7 million.

The platform’s active user base expanded 21% to 19 million. Cross-border transaction volume increased 31% to $243.5 billion, while the cross-border take rate remained at 0.52%, declining six basis points year-over-year.

Card expenditure grew 37% to $43.6 billion. Customer balances increased 40% to $39.0 billion — indicating that more clients are maintaining funds on the platform for regular usage rather than solely for transfers.

Transaction-based revenue totaled $1.89 billion. Net interest income added $609.2 million to overall net revenue after distributing $196.9 million in interest payments to account holders.

CEO Kristo Käärmann emphasized that 75% of transactions in Q4 were processed in under 20 seconds worldwide — a metric the company prominently features in its competitive positioning.

Share Repurchase and Shareholder Returns

Wise announced plans to allocate over $500 million toward share buybacks during FY27. Approximately 40% of this amount will support its ongoing Employee Share Trust initiative to counterbalance dilution from equity-based compensation.

The firm separately deployed $470 million to repurchase 35.9 million shares throughout FY26.

BofA increased its FY27 diluted earnings per share forecast by 5.7% to 54.34 cents, citing improved gross profit margins and the buyback program as key contributors.

Fiscal Year 2027 Guidance

Looking ahead, Wise projected net revenue growth near the midpoint of its 15–20% medium-term target range, calculated on a constant currency basis.

This forecast assumes no significant changes in interest distributed to customers and no substantial movements in central bank policy rates.

Pre-tax income margin is anticipated to land near the upper boundary of the 20–25% range for FY27.

Wise finalized its transition to a Nasdaq primary listing on May 8, maintaining a secondary listing on the London Stock Exchange.

The firm disclosed that it established new direct payment connections in Brazil and Japan during FY26 and secured fresh regulatory approvals in South Africa, the UAE, and Thailand.

New Wise Platform collaborations launched during the period include UniCredit, Raiffeisen Bank, and MBSB Bank, with Capitec coming onboard in April 2026.

US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000.

Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged on June 2, according to SoSoValue data.

The latest withdrawals pushed June’s total outflows to $3.61 billion, bringing year-to-date net outflows to $4.6 billion.

Monthly flows in US spot Bitcoin ETFs as of Friday. Source: SoSoValue 

The ETF outflows coincide with signs that other large sources of institutional Bitcoin demand are also slowing. Strategy, the world’s largest corporate Bitcoin holder, has reduced its accumulation pace in June, prompting debate over whether the company should conserve cash during the market downturn.

ETF assets down 57% from 2025 peak

US-listed spot Bitcoin ETFs have seen total net assets fall below $73 billion for the first time since late 2024, as recent outflows and a roughly 50% drop in Bitcoin’s price from its October peak weigh on the sector.

According to SoSoValue, total net assets in US spot Bitcoin ETFs reached a record $169.5 billion in October 2025. As of Friday, that figure stood at about $72.6 billion, a decline of roughly 57%.

BTC holdings for US spot Bitcoin ETFs as of market close on Tuesday. Source: Wallet Pilot

Separate data from WalletPilot shows the funds held a combined 1.24 million BTC as of Tuesday, with about 63,500 BTC leaving the products over the past 30 days.

Strategy slows Bitcoin buying in June to about 3,600 BTC amid criticism

Some analysts argue that Strategy should pause BTC purchases and rebuild its cash reserves.

Saylor’s Strategy bought roughly 3,600 Bitcoin so far in June, down from about 25,000 BTC in May and more than 50,000 BTC in April, according to company filings.

The slowdown also included a net sale of 32 BTC earlier in the month, one of the few times the company has sold Bitcoin during its accumulation period.

Related: Strategy adds $300M to USD Reserve, acquires 520 BTC

Strategy’s perpetual preferred stock, STRC, has come under pressure, trading below its intended $100 level. STRC closed at $75.69 on Thursday, down 6.37%.

Source: Julio Moreno

The move has fueled debate over Strategy’s Bitcoin-buying model. CryptoQuant analysts have raised concerns about the company’s timing and risk management.

On the other hand, Bitcoin advocate Samson Mow said STRC has a “self-repairing mechanism” that activates when it trades below its $100 benchmark. He noted that the company pauses new share issuance through its ATM program at that level, which limits new supply.

Magazine: Bitcoin slides to $58K, XRP hits $1 but onchain data promising: Market Moves

A third-party vendor compromise allowed attackers to inject malicious code into Polymarket’s frontend, leading to a phishing drain from user wallets, according to blockchain analyst Specter. The incident was discovered on Thursday and reportedly targeted at least 11 Polymarket users, with Specter estimating losses of $2.94 million.

Polymarket said on X that the issue has been contained, the affected dependency removed, and that users will be fully refunded. While Cointelegraph attempted to follow up for additional comment, no response was received before publication.

Key takeaways

• Specter attributed the Polymarket incident to malicious script injection following a vendor compromise, with an estimated $2.94 million drained from at least 11 wallets.
• Polymarket states the compromise has been contained and that the impacted dependency was removed, with full user refunds promised.
• DefiLlama data shows June exploit losses reached $74.9 million across 29 incidents—more than May’s $60.5 million, but far below April’s $644 million.
• Across the last 30 days, private key compromises accounted for 43% of reported exploit losses, making it the leading attack vector.
• DefiLlama’s breakdown points to other recurring methods, including “fake proof” exploits (10%) and reverse MEV honeypots (8%).

Polymarket: vendor compromise leads to frontend phishing

Specter said the malicious script appeared to be designed to facilitate phishing, ultimately draining funds from multiple Polymarket wallets. The key operational detail in the account is that the attacker did not need to compromise Polymarket’s core smart contracts directly; instead, the issue originated from a third-party vendor compromise that enabled code injection into the platform’s frontend.

That distinction matters for users because frontend-based attacks can succeed even when on-chain contracts remain intact. In practice, phishing scripts can trick users into approving malicious actions, entering credentials into spoofed interfaces, or signing transactions that benefit attackers.

Polymarket’s response emphasized containment and remediation: the platform said the compromise has been stopped, the problematic dependency removed, and affected users will receive full refunds. With those steps, the immediate risk of further wallet draining should decline, though users will still want to monitor their accounts and transaction history for any suspicious approvals.

Why this sits within a larger pattern of crypto incidents

The Polymarket event comes amid a sustained run of reported crypto security breaches. DefiLlama data lists the Polymarket incident as the 89th reported crypto security breach of the second quarter. That count extends what DefiLlama categorization describes as the most-hacked quarter on record by incident count.

Earlier in June, DefiLlama’s monthly totals already reflected elevated activity. June exploit losses climbed to $74.9 million across 29 reported incidents, surpassing May’s $60.5 million. However, April’s $644 million remains the standout outlier for magnitude, underscoring that while breach frequency remains high, individual months can vary dramatically based on whether large incidents occur.

June’s reported exploit losses: the biggest June incidents

DefiLlama’s aggregation highlights several of the largest June events. The most prominent was the $36 million Humanity Protocol exploit. Other notable losses included the $4.7 million Secret Network bridge exploit, two Aztec-related exploits worth $2.1 million each, and a $1.7 million bridge exploit tied to Taiko, according to the article’s cited figures and linked coverage.

Taken together, the list shows that bridge ecosystems and cross-chain integrations continue to attract high-impact attacks. While frontend phishing attacks like Polymarket’s are distinct from bridge exploits, both categories fall under the broader umbrella of “exploit losses”—the measurable outcomes when attackers successfully compromise systems or user interactions.

Attack vectors over the last month: key compromise still leads

DefiLlama data summarized in the piece indicates that the primary driver of reported exploit losses over the past 30 days was private key compromise, responsible for 43% of losses. Fake proof exploits accounted for 10%, while reverse MEV honeypots made up 8% of losses, based on DefiLlama’s breakdown.

The vector mix is useful because it shifts how defensive priorities are framed. Private key compromise suggests either user-side weakness (including wallet security practices) or operational weaknesses involving signing keys—issues that often persist across unrelated protocols. Meanwhile, fake proof and reverse MEV honeypots reflect more sophisticated adversarial tactics at the application and execution layers, targeting how systems validate claims or how trading bots execute orders.

The article also notes that roughly a month before Polymarket’s latest attack, the prediction market disclosed a separate $600,000 exploit traced to a six-year-old private key used for internal top-up operations. Polymarket leadership said at the time that user funds and contracts were safe and that permissions tied to the key had been revoked, emphasizing that the platform has dealt with operational key risks before.

Polymarket’s scale and what users should monitor next

DefiLlama data cited in the article places Polymarket’s total value locked at over $450 million, up 301% from $112 million a year earlier. As platforms grow, they often become more attractive targets—not only for contract-level attacks but also for the broader supply-chain and integration risks that can surface through third-party dependencies.

Going forward, readers should watch for two signals: confirmation from Polymarket and security analysts that the injected frontend dependency is fully removed and no similar vendor-based pathways remain, and whether wallet-level incidents prompt changes in how users interact with the platform (for example, renewed scrutiny of approvals and transaction prompts). With refunds promised, the immediate impact may be contained, but the recurrence of earlier key-related disclosures underscores that operational security remains a critical focus for both users and the platforms they rely on.

Key Takeaways

• Samsung Electronics shares plummeted 7.8% to ₩330,500 Friday amid a broad technology sector selloff across Korean exchanges
• Investor sentiment deteriorated after Apple revealed price hikes for MacBook and iPad products, casting doubt on AI hardware demand
• Amplified losses occurred through leveraged single-stock ETFs focused on Samsung and SK Hynix
• The KOSPI index tumbled over 8%, activating its fifth circuit breaker halt in 2026
• Reports emerged of Samsung preparing a ₩1,000 trillion ($646 billion) decade-long investment strategy covering chips, AI infrastructure, and more

Samsung Electronics shares collapsed 7.8% to close at ₩330,500 Friday, compounding a devastating week that witnessed a single-day decline exceeding 12% just two days earlier on June 23.

Samsung Electronics Co., Ltd., SMSD.L

The Monday session’s plunge activated the KOSPI’s fourth trading halt of 2026. Friday’s action brought a fifth suspension, with the Korea Exchange implementing a 20-minute freeze beginning around 12:10 p.m. Seoul time as the main index crashed through the 8% decline threshold.

The catalyst for Friday’s turmoil originated from Apple, which revealed significant price increases spanning its MacBook and iPad product portfolios, citing elevated memory and component expenses. The announcement shattered confidence among investors banking on a prolonged AI-fueled hardware expansion cycle.

Chip manufacturers worldwide absorbed heavy losses. SK Hynix, Samsung’s primary domestic competitor, suffered a parallel decline exceeding 8%, while leveraged ETFs tracking both semiconductor leaders plunged beyond 15%.

Leveraged Products Intensified Selling Pressure

Single-stock leveraged exchange-traded funds concentrated on Samsung and SK Hynix have emerged as a mounting worry for South Korean financial authorities. Friday’s session validated those concerns as these instruments amplified market movements far beyond what underlying business fundamentals would typically justify.

The outcome generated a self-reinforcing cycle of liquidation that punished Samsung more severely than headline developments alone warranted.

Japan’s Nikkei 225 index similarly declined in response, demonstrating the velocity at which the selloff propagated throughout the region.

Following a substantial rally during the previous twelve months, Friday’s decline partially reflects profit-taking behavior after an impressive advance. Market reversals can accelerate dramatically when investor psychology shifts.

Massive $646 Billion Capital Plan Sparks Investor Anxiety

The timing proved particularly unfortunate. Domestic media outlets disclosed this week that Samsung intends to unveil a ₩1,000 trillion ($646 billion) investment blueprint spanning the next ten years — potentially representing the largest corporate capital commitment in South Korean corporate history.

The initiative reportedly encompasses semiconductor manufacturing facilities, AI data infrastructure, battery production, and display technology. Approximately ₩300 trillion targets chip fabrication plants in the nation’s southwestern region, while more than ₩350 trillion focuses on AI data centre development.

South Korean President Lee Jae Myung plans to convene a national economic presentation on June 29, where Samsung Vice Chairman Jun Young-hyun and SK Hynix CEO Kwak Noh-jung will both outline their respective investment strategies.

Rather than embracing the announcement enthusiastically, certain investors interpreted the enormous spending obligation as problematic. Committing hundreds of trillions of won toward infrastructure development during uncertain chip demand conditions represents considerable risk exposure.

SK Hynix independently disclosed intentions to secure up to $29.4 billion through a Nasdaq listing of American Depositary Receipts, channeling proceeds toward expanded fabrication plants, advanced packaging operations, and manufacturing equipment.

Both declarations arrive as South Korea endeavors to maintain competitive positioning in the worldwide AI and semiconductor landscape amid escalating competition from the United States and China.

SK Hynix shares traded down 8.36% at press time, while Samsung recovered slightly to ₩339,500 after trimming earlier losses.