US spot Bitcoin ETFs hemorrhaged $1.79 billion in net outflows for the week ending June 26, a figure that ranks as the second-largest weekly redemption since these funds debuted in January 2024. The only worse week was the $2.61 billion exodus recorded in late February 2025.
That alone would be notable. But here’s the thing: this wasn’t a one-off panic. It was the seventh consecutive week of net outflows, the longest sustained streak in the entire history of spot Bitcoin ETFs.
The numbers tell a brutal story
The week’s outflows accelerated toward its close, with Thursday posting the heaviest single-day exit at $696.29 million. Friday wasn’t much kinder, with $444.51 million walking out the door, marking a seventh straight day of daily redemptions.
BlackRock’s IBIT led the bleeding. The world’s largest asset manager saw roughly $1.3 billion in redemptions for the week alone, accounting for nearly three-quarters of total outflows across all spot Bitcoin ETFs. Now the average IBIT investor is sitting on unrealized losses of around 40%.
