U.S. spot bitcoin ETFs post second-worst weekly outflow as IBIT investor losses deepen
Crypto fund redemptions intensify as U.S. spot bitcoin ETFs extend their longest weekly losing streak since launch in January 2024. The slide is also eroding returns for mainstream holders of BlackRock's IBIT, where the average investor is now estimated to be down about 40%.
Highlights
- U.S. spot bitcoin ETFs see $1.79 billion in net outflows for the week ending June 26, the second-worst weekly outflow since launch.
- BlackRock's IBIT investors face average losses of about 40%, with the fund's net assets falling to $44.42 billion from $60.77 billion attracted since launch.
- U.S. spot ether ETFs record $273.34 million weekly outflow, their seventh consecutive week of losses, while Hyperliquid funds draw $108.09 million in new inflows.
Record outflow stretch hits bitcoin funds
As reported by Bloomberg, citing Bespoke Investment Group data, the average investor in BlackRock's iShares Bitcoin Trust IBIT is now sitting on a loss of about 40%, underscoring the depth of this year's selloff in the largest U.S. spot crypto ETF by assets under management.U.S. spot bitcoin ETFs record about $1.79 billion in net outflows in the week ending June 26, according to SoSoValue. That marks the second-largest weekly outflow since the products began trading in January 2024, behind only the $2.61 billion withdrawn in late February 2025.
Friday's $444.51 million net outflow extends the daily outflow streak to seven sessions and seals a seventh consecutive negative week for the category, the longest such run on record. The day's withdrawals come exclusively from IBIT, while other spot bitcoin ETFs do not post significant flows.
IBIT has attracted $60.77 billion since launch but now holds $44.42 billion in net assets, based on SoSoValue data. The roughly $16 billion gap reflects bitcoin's price decline and has widened from about $13.4 billion noted in mid-June.
Rate outlook and ether fund pressure
The selling coincides with a more hawkish Federal Reserve backdrop. The central bank holds rates at its June 18 meeting and removes easing language from its statement, while traders since then price in better-than-even odds of a rate increase in December.U.S. spot ether ETFs lose $273.34 million in the week ending June 26, also according to SoSoValue, marking their seventh straight weekly outflow. That leaves the category one week short of the eight-week outflow streak seen in early 2025, while ether trades near $1,600 on Saturday.
Outside the largest crypto ETF segments, Hyperliquid funds take in $108.09 million on Thursday. The divergence suggests investors remain selective even as broad digital asset fund flows stay under pressure.
Our earlier article on Marathon Digital (MARA) highlighted the company’s plan to acquire 100% of Long Ridge, a move aimed at expanding into digital energy infrastructure and high-performance computing. It also noted mixed but improving technical signals for MARA and framed the acquisition as a potential catalyst, with the stock’s ability to hold key support levels seen as important for the next leg in price action.
- Forex
- Crypto