BlackRock’s iShares Bitcoin Trust, the largest spot Bitcoin ETF on the planet, saw investors pull $213.63 million on June 5. That translates to roughly 3,580 BTC walking out the door in a single session.
And IBIT wasn’t alone. Total net outflows across all US spot Bitcoin ETFs hit $325.66 million on the same day.
The full picture is bigger than one bad day
June 5 wasn’t an isolated event. It was the punctuation mark on a 13-day stretch of redemptions that drained approximately $4.4 billion from US spot Bitcoin ETFs.
IBIT absorbed the lion’s share of the pain, but the bleeding was widespread. Grayscale’s GBTC saw $60.84 million in withdrawals on the same day. Fidelity’s FBTC wasn’t far behind at $59.69 million.
