Bitcoin

BlackRock

<h2 id="fidelity-and-blackrock-drive-heaviest-single-day-exit">Fidelity and BlackRock Drive Heaviest Single-Day Exit</h2>
<p>US spot Bitcoin (<a href="https://x.com/search?q=%24BTC&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$BTC</a>) ETFs recorded $696 million in net outflows on June 25, according to SoSoValue data, as selling pressure spread across nearly the entire product complex. <cite>The category logged its sixth consecutive day in negative territory.</cite></p>
<p><cite>Fidelity's FBTC led the losses with a $274.48 million outflow, narrowly ahead of BlackRock's IBIT, which lost $265.68 million.</cite><cite>Ark and 21Shares' ARKB saw $82.11 million leave, while Invesco's BTCO posted a $53.03 million exit.</cite><cite>Morgan Stanley's MSBT was the lone bright spot, adding $9.17 million,</cite> though that was far too small to offset broader redemptions.</p>
<p><cite>Thursday's session was the largest single-day outflow of the week, pushing total weekly redemptions to roughly $1.35 billion.</cite><cite>Ether, HYPE, and Solana ETFs also turned negative, signaling a broader risk-off move across crypto markets.</cite></p>
<h2 id="long-term-base-remains-intact-despite-the-bleed">Long-Term Base Remains Intact Despite the Bleed</h2>
<p>The selloff caps a difficult stretch for Bitcoin ETFs that has extended well beyond a single week. <cite>US spot Bitcoin ETFs logged back-to-back record outflow streaks in May and June 2026, flipping year-to-date flows negative.</cite> Analysts at 10x Research have pointed to macro factors, including reaccelerating inflation data and elevated interest rates, as key drivers of institutional selling through the ETF channel.</p>
<p>Despite the turbulence, the structural picture still holds. Since their January 2024 launch, US spot Bitcoin ETFs have accumulated roughly $52 billion in cumulative net inflows and hold approximately $72.6 billion in total net assets, representing about 6% of Bitcoin's total market capitalisation, per SoSoValue. <cite>Investors will be watching whether BlackRock's IBIT, Fidelity's FBTC, and other large products can stabilise, and whether Bitcoin can hold support without the ETF bid providing a visible buyer.</cite></p>
<p><cite>A successful stabilisation would suggest deeper underlying demand; a continued slide would suggest the ETF bid was more important to price support than many investors had assumed.</cite></p>
<p><strong>Sources:</strong><br><a href="https://news.bitcoin.com/bitcoin-etfs-lose-696-million-as-blackrock-and-fidelity-lead-broad-crypto-selloff/" rel="noopener noreferrer nofollow">Bitcoin.com News: Bitcoin ETFs Lose $696 Million as BlackRock and Fidelity Lead Broad Crypto Selloff</a><br><a href="https://hedgeco.net/news/06/2026/bitcoin-opens-june-under-pressure-as-etf-outflows-cross-2b.html" rel="noopener noreferrer nofollow">HedgeCo Insights: Bitcoin Opens June Under Pressure as ETF Outflows Cross $2B</a></p>

Bitcoin ETFs bleed $696M as the selloff deepens

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