US spot Bitcoin ETFs hemorrhaged $214 million on June 10, with Ethereum spot ETFs losing $35.6 million in the same session. The combined $250 million exit marks another rough day for crypto’s most watched institutional products.
It’s part of a 13-day outflow streak that has drained roughly $4.4 billion from US spot Bitcoin ETFs since late May.
BlackRock carries the weight
BlackRock’s iShares Bitcoin Trust, IBIT, was responsible for $213.63 million of the day’s Bitcoin ETF outflows. In practical terms, that single fund accounted for nearly the entire day’s damage.
The $213.63 million figure translates to approximately 3,580 BTC being redeemed from IBIT alone.
