Bitcoin and Ethereum ETFs Bleed for a Seventh Day as Blackrock's IBIT Sheds $445 Million

U.S. spot bitcoin and ether exchange-traded funds (ETFs) recorded a seventh consecutive day of net outflows on June 26, with bitcoin products alone shedding $445 million in a single session. The run marks one of the heaviest stretches of redemptions since the funds began trading.

Bitcoin and ether ETFs both posted their seventh consecutive day of net outflows, per SoSoValue. Spot bitcoin funds saw a combined net outflow of $445 million for the session, capping a stretch that analysts have described as “the worst weekly outflow ever” for the products. The redemptions coincide with bitcoin trading well below its 2025 highs, currently hovering just above $60,000, with macroeconomic uncertainty and shifting Federal Reserve rate expectations weighing on institutional appetite. Exchange-traded funds remain the clearest single gauge of professional demand, and seven straight sessions of withdrawals point to a cautious posture among large allocators.

Almost the entire bitcoin outflow flowed from a single product, with Blackrock’s iShares Bitcoin Trust (IBIT) accounting for roughly $444.5 million of the day’s redemptions, while most other spot bitcoin funds reported little to no movement. That made the session one of IBIT’s largest single-day exits since the fund launched in January 2024. IBIT has become the bellwether for the category, both on the way up and on the way down. Earlier, Blackrock’s IBIT led a $469 million bitcoin ETF selloff on June 24, the biggest exit in weeks, highlighting how concentrated the recent pressure has been in the market’s largest fund.

The outflows were not confined to bitcoin as spot ether ETFs also marked a seventh straight day in the red, with Blackrock’s ETHA leading ether redemptions for the session. The dual streak means investor caution is broad rather than asset-specific, hitting the two largest crypto ETF complexes at once. Analysts have tied the wave to profit-taking after earlier gains this year, combined with uncertainty over the path of U.S. interest rates. The next test is whether the streak breaks as a new month begins. A single day of inflows would end the run, but a continued bleed into July would deepen questions about how durable institutional demand really is.

Source: https://news.bitcoin.com/bitcoin-ethereum-etf-outflows-seventh-day-ibit-445-million/