Bitcoin ETFs Lose $445M on June 26 as IBIT Posts Largest Exit

U.S. spot bitcoin exchange-traded funds recorded a combined net outflow of $445 million on June 26, marking the seventh consecutive day of redemptions, according to SoSoValue data. Blackrock's iShares Bitcoin Trust (IBIT) accounted for approximately $444.5 million of the total outflow, representing the fund's largest single-day exit since its January 2024 launch. The redemptions occurred as bitcoin traded just above $60,000, with macroeconomic uncertainty and shifting Federal Reserve rate expectations cited as factors affecting institutional appetite for cryptocurrency ETF products.

Blackrock's IBIT Records $444.5 Million Single-Day Outflow

Blackrock's iShares Bitcoin Trust (IBIT) absorbed nearly the entire bitcoin ETF outflow on June 26, with $444.5 million in redemptions. Most other spot bitcoin funds reported little to no movement during the session. The fund previously led a $469 million bitcoin ETF selloff on June 24, which marked the largest exit in weeks at that time. IBIT holds the deepest pool of assets among spot bitcoin ETFs, meaning its flows can significantly influence the category's daily totals.

Ether ETFs Post Seventh Consecutive Day of Redemptions

Spot ether ETFs also recorded their seventh straight day of net outflows, with Blackrock's ETHA leading ether redemptions for the session. The parallel outflow pattern across both bitcoin and ether ETF complexes indicates broad investor caution rather than asset-specific pressure. Analysts have attributed the withdrawal trend to profit-taking following earlier gains and uncertainty surrounding U.S. interest rate policy.

FAQ

What happened to U.S. spot bitcoin ETFs on June 26? U.S. spot bitcoin ETFs recorded a combined net outflow of $445 million on June 26, representing the seventh consecutive day of redemptions according to SoSoValue data.

How much did Blackrock's IBIT lose on June 26? Blackrock's iShares Bitcoin Trust (IBIT) accounted for approximately $444.5 million of the total bitcoin ETF outflow on June 26, marking the fund's largest single-day exit since launching in January 2024.

Did ether ETFs also experience outflows? Yes, spot ether ETFs posted their seventh consecutive day of net outflows, with Blackrock's ETHA leading ether redemptions during the same period.