Bitcoin Spot ETFs Bleed $1.79B as Seven-Week Outflow Streak Hits

The Bitcoin spot ETF market experienced its second-largest weekly redemption in history, with $1.79 billion in net outflows for the week ending June 26. This figure surpasses only the $2.61 billion exodus recorded in late February 2025.

This wasn't a one-off panic; instead, it marked the seventh consecutive week of net outflows, the longest sustained streak in the history of spot Bitcoin ETFs. The numbers paint a grim picture: Thursday saw the heaviest single-day exit at $696.29 million, while Friday followed with $444.51 million.

BlackRock's IBIT fund led the bleeding, accounting for nearly three-quarters of total outflows across all spot Bitcoin ETFs. With roughly $1.3 billion in redemptions for the week alone, the average IBIT investor now sits on unrealized losses of around 40%. The broader crypto market shed nearly $150 billion in combined value during this period.