BlackRock's Spot Bitcoin ETF Assets Drop from $100B to $44.6B, Investors Down 40%
BLK•BlackRock's iShares Bitcoin Trust investors are now down about 40% after purchasing near Bitcoin's late-2025 peak, versus a 30% gain in mid-2025. IBIT's assets have dropped from roughly $100 billion to $44.6 billion, with $1.7 billion of net outflows in June contributing to a total $5 billion loss this year.
1. Investor Performance Swings
The average dollar-weighted return for the iShares Bitcoin Trust swung from a roughly 30% gain in mid-2025 to a 40% loss following Bitcoin's recent price collapse. This shift reflects that most capital entered the fund near Bitcoin's near-six-figure levels, resulting in a higher cost basis.
2. Asset Decline and Outflows
IBIT's total assets have fallen from an approximate $100 billion late-2025 peak to about $44.6 billion as of June 25. June saw $1.7 billion of net redemptions, contributing to a cumulative $5 billion of outflows across all spot Bitcoin ETFs so far this year.
3. Fund Details and Outlook
The fund holds roughly 750,302 Bitcoin, valued at nearly $44.6 billion based on the cryptocurrency's trading price around $60,515. The ETF's share price closed at $33, with a small segment of early investors still in profit, while the bulk face losses that may affect future inflows.
