BlackRock Spot Bitcoin ETF Sees Assets Halve To $44.6B As Investors Face 40% Loss
IBIT•After Bitcoin's recent decline, the typical BlackRock spot Bitcoin ETF investor has swung from a 30% gain to a 40% loss, reflecting a high dollar-weighted cost basis. IBIT’s assets have fallen from about $100 billion late-2025 to $44.6 billion with $1.7 billion in outflows this month.
1. Investor Returns Swing
The dollar-weighted return for IBIT investors has plunged from a 30% gain in mid-2025 to a 40% loss after Bitcoin’s recent price drop, reflecting the high cost basis of inflows near peak levels.
2. Asset Decline and Outflows
IBIT’s assets have declined from approximately $100 billion in late-2025 to $44.6 billion as of June 25, with $1.7 billion in net withdrawals this month contributing to broader spot Bitcoin ETF outflows of around $5 billion year-to-date.
3. Fund Holdings and Retail Sentiment
The iShares Bitcoin Trust holds 750,302 Bitcoins valued at $44.6 billion, trades near $33 per share, and has seen retail sentiment shift from neutral to bullish despite significant fund outflows.
