IBIT alone shed $300 million while smaller funds absorbed some of the outflow. The selloff lands as the same AI trade that crashed Korea a week ago now powers a record quarterly rally there.

U.S. spot bitcoin and ether ETFs logged a seventh straight day of outflows on June 26, with Blackrock's IBIT shedding $445 million.

Friday's $444.51 million net outflow capped a seventh straight negative week, the longest weekly run on record for the category.