Bitcoin and Ethereum ETFs see seventh straight day of outflows, with Blackrock's IBIT losing $445M in one day.
U.S. spot Bitcoin and Ethereum ETFs experienced net outflows for the seventh consecutive day on June 26, with Bitcoin ETFs alone shedding $445 million in a single session. Blackrock's iShares Bitcoin Trust (IBIT) accounted for nearly all of the Bitcoin outflows, marking its largest single-day redemption since its 2024 launch. Ether ETFs also faced continuous withdrawals, signaling broad institutional caution amid macroeconomic uncertainty and fluctuating Federal Reserve rate expectations. The ongoing outflows raise questions about the durability of institutional demand as July approaches, with market watchers closely monitoring whether the trend will reverse.
U.S. spot Bitcoin and Ethereum ETFs experienced net outflows for the seventh consecutive day on June 26, with Bitcoin ETFs alone shedding $445 million in a single session. Blackrock's iShares Bitcoin Trust (IBIT) accounted for nearly all of the Bitcoin outflows, marking its largest single-day redemption since its 2024 launch. Ether ETFs also faced continuous withdrawals, signaling broad institutional caution amid macroeconomic uncertainty and fluctuating Federal Reserve rate expectations. The ongoing outflows raise questions about the durability of institutional demand as July approaches, with market watchers closely monitoring whether the trend will reverse.
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