Bitcoin ETFs Shed $1.16B as BlackRock's IBIT Nears Record Outflow
US spot Bitcoin ETFs recorded heavy withdrawals, with BlackRock's IBIT losing $405.3 million. Bitwise described the selling as short-term.
AfroEuropa Newsroom
AfroEuropa desk
US spot Bitcoin exchange-traded funds recorded about $1.16 billion in outflows, according to reporting from Cointelegraph and BitKE, as investors trimmed exposure to the cryptocurrency amid weaker market sentiment.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for $405.3 million of the withdrawals, its second-largest single-day outflow since the fund launched in January 2024, BitKE reported. Other US spot Bitcoin ETFs lost a combined $398.6 million during the session, extending a run of sustained withdrawals.
BitKE noted that IBIT had posted its largest single-day outflow on record so far in June 2026, a session that included a large block transaction. The fund has become a closely watched gauge of institutional demand for Bitcoin.
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