BlackRock's Bitcoin ETF Sheds $1.3B in a Week, Posts $444.5M Single-Day Redemption Record

BlackRock's iShares Bitcoin Trust (IBIT) suffered massive outflows during the week of June 22 to 26, shedding roughly $1.3 billion—about 73% of all outflows from the US spot Bitcoin ETF complex that week. On June 26 alone, IBIT posted $444.5 million in single-day redemptions, its largest since launch, marking a stark reversal from the product's role as an institutional demand bellwether.

Across the entire month of June, US spot Bitcoin ETFs bled $4.06 billion in redemptions, the largest monthly total since launch in January 2024, with IBIT accounting for roughly $3.3 billion, or 75% of the total. The fund's net assets have declined to approximately $44.4 billion from its peak of $60.77 billion since launch, leaving the average IBIT investor down about 40%.