Blackrock-Backed Bitcoin ETF Bleeds $593 Million in Three Days

Bitcoin and ether exchange-traded funds (ETFs) continued to face selling pressure on June 24, with Blackrock's IBIT leading a $469.08 million outflow from bitcoin ETFs.

This marks the fifth consecutive day of net outflows for bitcoin ETFs, with the largest daily exit since June 2.

Blackrock's IBIT lost $239.29 million, bringing its total outflow over three trading days to about $593 million.

Fidelity's FBTC and Grayscale's GBTC also posted significant outflows of $120.81 million and $54.34 million, respectively.