BlackRock’s iShares Bitcoin Trust saw $1.30 billion in outflows during the week of June 22-26. The fund accounted for nearly three-quarters of total US spot Bitcoin ETF exits that period. Bitcoin traded near $60,000 at the time of the data release.
Farside Investors data showed total outflows from US spot Bitcoin ETFs reached $1.79 billion for the trading week. IBIT represented 73 percent of that amount, including a single-day outflow of $444.5 million on June 26.
The fund held $44.87 billion in net assets as of June 26, with its benchmark near $59,813. The redemptions occurred while Bitcoin posted negative seven-day and 30-day performance.
ETF mechanics allow redemptions to involve either cash or Bitcoin, creating potential transmission of selling pressure. IBIT remains the largest regulated access point for Bitcoin through brokerage accounts.
Bitcoin fell 0.68 percent over the 24 hours following the data and held the top position by market capitalization.
