In BlackRock crypto news, its iShares Bitcoin Trust (IBIT) product recorded over $231M in client outflows on Monday, according to data from Farside Investors, as cumulative net outflows acros
In BlackRock crypto news, its iShares Bitcoin Trust (IBIT) product recorded over $231M in client outflows on Monday, according to data from Farside Investors, as cumulative net outflows across US spot Bitcoin ETFs reached approximately $4.3Bn for June.
This monthly total marks one of the deepest sustained redemption cycles since the product category launched in January 2024. BTC price fell to $59,558 after the session, retreating following a brief reclaim of $60,600 earlier in the day.
SOURCE: CoinGlassIBIT’s share of the damage is disproportionate by any measure: the fund absorbed roughly $3.3Bn of June’s $4.3Bn in total Bitcoin ETF outflows, equivalent to approximately 77% of all redemptions across the US spot market since June 1, per Farside Investors.
The fund’s largest single-day exit of the month came on June 26, when $444.5M left IBIT in a single session, exceeding prior single-day records set earlier in the year and underscoring an escalating withdrawal pattern rather than isolated event-driven selling.
Bitcoin Spot ETFs See $231 Million Outflow as Ether ETFs Lose $30 MillionAccording to SoSoValue data, on June 29 (Eastern Time), Bitcoin spot ETFs recorded a total net outflow of USD 231 million, while Ark Invest and 21Shares’ ARKB saw the largest single-day net inflow at USD… pic.twitter.com/aTlpGB9mIM
— Wu Blockchain (@WuBlockchain) June 30, 2026
On Monday, the US spot Bitcoin ETF market experienced $231M in net outflows, bringing June’s total to $4.3Bn. IBIT led this decline with $3.3Bn in net outflows, highlighting its role as the primary liquidity vehicle for institutional Bitcoin exposure.
A significant single-day outflow of $444.5M from IBIT on June 26 far exceeded previous redemptions, indicating a growing exit trend.
Earlier in June, a 13-session redemption streak removed $4.4Bn from US spot Bitcoin ETFs, bringing total assets under management to about $75.1Bn and reflecting a 5.7% outflow.
When clients redeem shares, BlackRock transfers BTC from Coinbase, creating selling pressure in the market. For the week of June 22–26, IBIT accounted for approximately 73% of Bitcoin ETF outflows, totaling around $1.3Bn.
BREAKING: Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for nowThe 10-Year Treasury yield is currently at 4.38%.10Y yields holding above 4% keeps pressure on rate-sensitive sectors. The Fed has limited room to cut without reigniting inflation. pic.twitter.com/iLorFtCTtF
— Money Machine Newsletter (@mm_newsletter) June 29, 2026
The driving force behind June’s institutional selling is rising US Treasury yields, which increase the opportunity cost of holding non-yielding assets like Bitcoin.
As yield expectations rise, investors are reallocating towards higher-yielding alternatives, particularly through liquid ETF wrappers.
Recent strong jobs data and the Fed’s “higher-for-longer” stance diminished support for Bitcoin ETF allocations, accelerating this shift.
Alex Thorn from Galaxy Research suggests that large IBIT redemptions indicate tactical de-risking due to tighter financial conditions, rather than a loss of faith in Bitcoin itself.
This distinction is crucial for interpreting market behavior: outflows driven by yield dynamics may reverse when rate expectations change, whereas those driven by conviction loss may not.
IBIT has experienced significant outflows before, including a $1.4Bn redemption in late 2025 and a $2.43Bn decrease in May 2026, both linked to rising Treasury yields and a hawkish Fed.
$BTC tried to reclaim the $60,000 level but failed.The key level for Bitcoin here is $58,000-$59,000 which should hold for any bounceback. pic.twitter.com/Ipk5BROMZr
— Ted (@TedPillows) June 30, 2026
In other BlackRock crypto news, BTC closed around $59,558 after failing to hold $60,600, establishing $59,000–$60,000 as the immediate support zone.
The struggle to reclaim $60,600 turns it into confirmed resistance, requiring a macro catalyst, like a dovish FOMC signal or a softer CPI print, to shift institutional flows back into Bitcoin ETFs.
On the flip side, elevated yields and lack of dovish Fed guidance could drive BTC below the $59,000 support toward the $55,000–$57,000 range.
The base case suggests range-bound consolidation between $59,000 and $63,000 while waiting for direction on interest rates and IBIT flows.
The most likely outcome is sideways movement, with any decisive macro signal likely to trigger rapid BTC price changes due to ETF redemptions and creations influencing institutional demand.
Disclaimer: The author does not hold or have a position in any securities discussed in the article. All stock prices were quoted at the time of writing.
The post BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redemptions appeared first on Tokenist.
