BlackRock’s flagship Bitcoin fund just hemorrhaged $219.41 million in a single day, roughly 3,648 BTC walking out the door. The July 1 redemption from the iShares Bitcoin Trust (IBIT) marks one of the largest single-day outflows the fund has ever recorded.
June was a bloodbath for Bitcoin ETFs
US spot Bitcoin ETFs collectively saw approximately $4.06 billion in net outflows during June 2026. That’s the most substantial monthly redemption since these products launched.
IBIT, the largest spot Bitcoin ETF by assets, was the primary culprit. The fund accounted for roughly 73% of outflows during peak weeks, including a jaw-dropping $1.30 billion in redemptions during one late-June week alone.
To put that in perspective, the entire month of May saw IBIT post a $528 million outflow that felt significant at the time. June made May look like a rounding error.
