BlackRock's iShares Bitcoin Trust (IBIT) shed roughly $1.3 billion during the week of June 22 to 26, about 73% of total US spot Bitcoin ETF outflows that week. Across June, US spot Bitcoin ETFs experienced $4.06 billion in redemptions, the largest monthly total since launch in January 2024, with IBIT accounting for roughly $3.3 billion. The outflows followed the Federal Reserve holding rates at its June 18 meeting and removing easing language from its statement, creating pressure on non-yielding assets as Bitcoin trades near $60,000.
IBIT Records Largest Single-Day Redemption on June 26
On June 26, IBIT posted $444.5 million in single-day redemptions, its largest since launch, while nearly every other spot fund reported essentially zero, capping a seventh straight day of outflows. The fund's net assets declined to roughly $44.4 billion from the $60.77 billion it attracted since launch. The average IBIT investor is now down about 40%, according to the source report.
Over the past 30 days, spot Bitcoin ETFs sold an estimated 51,726 BTC, roughly $5 billion, as authorized participants liquidated holdings to meet redemptions. Liam Wright, analyst at KuCoin TechFlow, stated that outflows are "a transmission of risk," not proof every redeemed dollar gets dumped into spot. After the SEC approved in-kind redemptions for crypto ETPs in 2025, flow pressure transmits to the spot market more directly, but a redemption is a rebalance, not automatically a market sell.
Federal Reserve Rate Decision Pressures Non-Yielding Assets
The Federal Reserve held rates at its June 18 meeting and stripped easing language from its statement. Traders now price better-than-even odds of a rate hike in December. Higher yields make non-yielding Bitcoin a tougher sell, a stronger dollar compounds the pressure, and Iran-driven risk-off conditions pulled money out of speculative assets. Ether ETFs posted a seventh straight weekly outflow during the same period.
Michael Saylor and Tom Lee Maintain Bullish Positions
Michael Saylor, executive chairman of Strategy, posted the company's Bitcoin acquisition tracker to X over the weekend, stating "We're gonna need more charts." Tom Lee described the current period as the early innings of a "crypto spring." Hyperliquid funds pulled in $108 million in fresh inflows the same week Bitcoin ETFs hemorrhaged, indicating capital repositioning within the asset class. IBIT's cumulative inflows since launch still sit near $62 billion.
The $58,000 to $60,500 zone is the contested floor, with $61,000 the first ceiling, according to the source analysis.
FAQ
What outflows did BlackRock's Bitcoin ETF experience in June?
BlackRock's iShares Bitcoin Trust (IBIT) recorded roughly $3.3 billion in outflows across June, representing about 75% of the $4.06 billion total redemptions from US spot Bitcoin ETFs during the month. During the week of June 22 to 26, IBIT shed approximately $1.3 billion, about 73% of that week's total US spot Bitcoin ETF outflows of $1.79 billion.
Why did Bitcoin ETFs experience record outflows in June?
The Federal Reserve held interest rates at its June 18 meeting and removed easing language from its policy statement. Traders now price better-than-even odds of a rate hike in December. Higher yields create pressure on non-yielding assets like Bitcoin, while a stronger dollar and Iran-driven risk-off conditions contributed to capital exiting speculative investments.
