Bitcoin ETF

Bitcoin

BlackRock

<p>In BlackRock crypto news, its iShares Bitcoin Trust (IBIT) product recorded over $231M in client outflows on Monday, according to data from <a href="https://farside.co.uk/bitcoin-etf-fund-flow-all/" rel="noopener noreferrer nofollow">Farside Investors</a>, as cumulative net outflows across US spot Bitcoin ETFs reached approximately $4.3Bn for June.</p>
<p>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.</p>
<figure class="wp-block-image size-large"><img width="1024" height="538" src="https://tokenist.com/wp-content/uploads/2026/06/Screenshot-2026-06-30-at-10.10.33-1024x538.png" alt="In BlackRock crypto news today, the world's largest asset manager is responsible for 77% of June's $4.3Bn outflows, with $300M just yesterday">
 <figcaption><a href="https://www.coinglass.com/etf/bitcoin" rel="noopener noreferrer nofollow">SOURCE: CoinGlass</a>
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<p>IBIT’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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="blackrock-crypto-news-ibit-outflow-mechanics-and-the-3-3b-redemption-concentration">BlackRock Crypto News: IBIT Outflow Mechanics and the $3.3B Redemption Concentration</h2>
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   <p>Bitcoin Spot ETFs See $231 Million Outflow as Ether ETFs Lose $30 Million<br><br>According 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… <a href="https://t.co/aTlpGB9mIM" rel="noopener noreferrer nofollow">pic.twitter.com/aTlpGB9mIM</a></p>— Wu Blockchain (@WuBlockchain) <a href="https://x.com/WuBlockchain/status/2071834314137026960?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 30, 2026</a>
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<p>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.</p>
<p>A significant single-day outflow of $444.5M from IBIT on June 26 far exceeded previous redemptions, indicating a growing exit trend.</p>
<p>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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="macro-backdrop-and-institutional-context-treasury-yield-pressure-and-the-rate-discount-transmission-behind-the-june-bleed">Macro Backdrop and Institutional Context: Treasury Yield Pressure and the Rate-Discount Transmission Behind the June Bleed</h2>
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   <p>BREAKING: Supreme Court rules Trump cannot fire Fed Governor Lisa Cook for now<br><br>The 10-Year Treasury yield is currently at 4.38%.<br><br>10Y yields holding above 4% keeps pressure on rate-sensitive sectors. The Fed has limited room to cut without reigniting inflation. <a href="https://t.co/iLorFtCTtF" rel="noopener noreferrer nofollow">pic.twitter.com/iLorFtCTtF</a></p>— Money Machine Newsletter (@mm_newsletter) <a href="https://x.com/mm_newsletter/status/2071673712550785494?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 29, 2026</a>
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<p>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.</p>
<p>As yield expectations rise, investors are reallocating towards higher-yielding alternatives, particularly through liquid ETF wrappers.</p>
<p>Recent strong jobs data and the Fed’s “higher-for-longer” stance diminished support for Bitcoin ETF allocations, accelerating this shift.</p>
<p>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.</p>
<p>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.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="59-558-as-the-pivot-level-what-etf-flow-exhaustion-and-fed-policy-clarity-mean-for-bitcoin-s-next-move">$59,558 as the Pivot Level: What ETF Flow Exhaustion and Fed Policy Clarity Mean for Bitcoin’s Next Move</h2>
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   <p><a href="https://x.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> tried to reclaim the $60,000 level but failed.<br><br>The key level for Bitcoin here is $58,000-$59,000 which should hold for any bounceback. <a href="https://t.co/Ipk5BROMZr" rel="noopener noreferrer nofollow">pic.twitter.com/Ipk5BROMZr</a></p>— Ted (@TedPillows) <a href="https://x.com/TedPillows/status/2071877719869026751?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">June 30, 2026</a>
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<p>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.</p>
<p>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.</p>
<p>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.</p>
<p>The base case suggests range-bound consolidation between $59,000 and $63,000 while waiting for direction on interest rates and IBIT flows.</p>
<p>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.</p>
<p><em>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.</em></p>
<p>The post <a href="https://tokenist.com/blackrock-crypto-ibit-bitcoin-etf-outflows-june/" rel="noopener noreferrer nofollow">BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redemptions</a> appeared first on <a href="https://tokenist.com" rel="noopener noreferrer nofollow">Tokenist</a>.</p>

BlackRock Crypto News: IBIT Absorbs 77% of June’s $4.3Bn Bitcoin ETF Redemptions

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