What happened with US spot Bitcoin (CRYPTO:BTC) ETFs in the week ending 26 June?

US spot Bitcoin ETFs recorded US$1.79 billion in net outflows for the week ending 26 June, making it the second-largest weekly redemption since these products launched in January 2024. The streak also extended to seven consecutive weeks of net outflows — the longest sustained redemption period in the history of spot Bitcoin ETFs.

How does this week's Bitcoin ETF outflow compare to previous redemption episodes?

The US$1.79 billion outflow is the second-largest on record, behind only the US$2.61 billion recorded in late February 2025. However, what makes the current episode more concerning is its duration — seven straight weeks of net outflows versus the brief, sharp selloff seen in February, which reversed quickly.

Which Bitcoin ETF saw the most redemptions, and by how much?

BlackRock's iShares Bitcoin Trust (IBIT) led all outflows, recording approximately US$1.3 billion in redemptions for the week alone. That figure represents nearly three-quarters of total withdrawals across all US spot Bitcoin ETFs, making IBIT the dominant driver of the broader outflow trend.

Are IBIT investors currently in profit or loss?

The average IBIT investor is currently sitting on unrealised losses of around 40%, based on the fund's average entry price relative to current Bitcoin (CRYPTO:BTC) levels. This means the majority of IBIT holders bought in at significantly higher prices than where Bitcoin is trading now.

What was Bitcoin's (CRYPTO:BTC) price doing during this outflow period?

Bitcoin (CRYPTO:BTC) traded near the US$60,000 level throughout the week, briefly dipping to approximately US$58,126 before recovering to around US$60,287. The price weakness likely contributed to ongoing investor redemptions, as falling prices reduce confidence and can trigger stop-losses or risk management exits.

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Bitcoin ETFs see major outflows for seventh week

Written by Brie CarterPublished Jun 28, 2026, 5:39 AM

US spot Bitcoin (CRYPTO:BTC) exchange-traded funds (ETFs) recorded US$1.79 billion in net outflows for the week ending 26 June, marking the second-largest weekly redemption since these products launched in January 2024.
The only larger single-week outflow was the US$2.61 billion exodus recorded in late February 2025.
The latest week of outflows extended the streak to seven consecutive weeks of net redemptions, the longest sustained outflow period in the history of spot Bitcoin ETFs.

Outflows accelerated toward the end of the week, with Thursday recording the heaviest single-day exit at US$696.29 million, followed by US$444.51 million on Friday.

The seven-day period also marked seven straight days of daily net redemptions across the spot Bitcoin ETF market.

BlackRock's iShares Bitcoin Trust (IBIT) led outflows for the week, recording approximately US$1.3 billion in redemptions and accounting for nearly three-quarters of total withdrawals across all spot Bitcoin ETFs.

The average IBIT investor is currently sitting on unrealised losses of around 40%, based on the fund's average entry price relative to current Bitcoin levels.

Bitcoin's price traded uncomfortably near the US$60,000 level throughout the week, briefly falling to approximately US$58,126 before recovering to around US$60,287.

The broader cryptocurrency market shed nearly US$150 billion in combined market value during the same period.

Unlike the sharp but short-lived outflow episode seen in late February 2025, the current streak is notable for its sustained duration across seven consecutive weeks.

The concentration of outflows within IBIT is considered particularly significant, as BlackRock's fund is the largest and most liquid of the spot Bitcoin ETFs and has historically served as a reliable indicator of institutional demand.

At the time of reporting, Bitcoin price was $59,841.33.