BlackRock’s Bitcoin ETF Sees $3B June Outflows as Bitcoin Falls 18%

1. ETF Outflows and IBIT Impact

In June, US-listed Bitcoin ETFs experienced net withdrawals of $4.1 billion, the largest since their January 2024 launch, with BlackRock’s IBIT fund alone losing $3.0 billion in assets under management.

2. Bitcoin Performance Pressure

Bitcoin declined more than 18% in June, trading around $60,000 after breaking below that level last week, prompting defensive positioning by traditional investors reducing crypto exposure.

3. Implications for BlackRock’s Digital Asset Business

The steep outflows in IBIT and broader fund withdrawals may erode fee revenue for BlackRock’s digital asset segment, potentially leading to strategic adjustments in product offerings and marketing to stem investor redemptions.

1. ETF Outflows and IBIT Impact

2. Bitcoin Performance Pressure

3. Implications for BlackRock’s Digital Asset Business

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