Blackrock Bitcoin ETFs hemorrhage $2.1B in June amidst institutional outflows

Bitcoin ETFs have experienced significant outflows in June, totaling $2.1 billion. This marks a sharp decline in institutional appetite for Bitcoin-based exchange-traded funds (ETFs). The BlackRock Bitcoin ETF, IBIT, has been particularly affected, posting its longest weekly withdrawal streak since October 2025.

The recent trend of outflows is attributed to capital rotation towards other major market events, including SpaceX's historic IPO. This event helped make Elon Musk the world's first trillionaire and drew significant attention from traditional and crypto-native traders.

Bitcoin's price has remained capped near resistance, trading around $64,000 after a slight rebound. However, sentiment remains fragile, and traders are closely watching ETF flows for signs of stabilization.