iShares Bitcoin Trust Sees $388.6M Outflow in $609M Crypto ETF Redemption
IBIT•BlackRock’s iShares Bitcoin Trust recorded $388.6M of the $519.1M single-session Bitcoin ETF outflows within a combined $609.3M spot crypto ETF redemption, as Bitcoin fell to $65,700 and Ether dipped below $1,900. June’s two-day Bitcoin ETF withdrawals have topped $1B, marking one of 2026’s largest institutional selloffs.
1. IBIT’s Single-Session Outflows
BlackRock’s iShares Bitcoin Trust led spot Bitcoin ETF redemptions with $388.6M withdrawn, representing nearly 75% of the $519.1M single-session outflow and contributing to a $609.3M total net withdrawal across Bitcoin and Ether ETFs.
2. Crypto Price Slide
Bitcoin’s price slid from above $66,000 to $65,700 while Ether dipped below $1,900 in the same session, reflecting market pressure from large ETF redemptions and heightened volatility in digital assets.
3. Institutional Rebalancing Factors
Stronger US employment data and a higher-for-longer Federal Reserve outlook have prompted macro funds to reduce exposure to non-yielding assets, with major allocators like BlackRock, Fidelity and Grayscale rebalancing portfolios rather than signaling a loss of conviction in crypto.
