Bitcoin, Ether ETFs Post Seventh Straight Day of Outflows

U.S. spot Bitcoin and Ether exchange-traded funds recorded a seventh consecutive day of net outflows on June 26. Combined spot Bitcoin funds lost $445 million in the session, with BlackRock’s iShares Bitcoin Trust (IBIT) responsible for about $444.5 million of the decline. Spot Ether ETFs also posted a seventh straight day of withdrawals, led by BlackRock’s ETHA.

Most of the Bitcoin outflow came from IBIT, making June 26 one of that fund’s largest single-day redemptions since its January 2024 launch. Other spot Bitcoin products showed little net movement, reflecting how a single large fund can move aggregate totals when it holds the largest pool of assets in the category.

The session capped a multi-day run of withdrawals that amounted to the largest weekly outflow since these spot crypto ETFs began trading. Bitcoin traded just above $60,000 on June 26, below its highs for 2025.

Market participants attribute the redemptions to profit-taking after earlier gains this year and to shifting expectations about the future path of U.S. interest rates. Those factors have influenced institutional allocations in recent weeks.

ETF flow data are being monitored as a direct gauge of professional demand. Seven straight sessions of withdrawals mark a sustained pattern of net redemptions; a single day of inflows in early July would end the streak, while continued outflows into the new month would extend the run.

Since approval of spot crypto ETFs, multiple issuers have launched products. The largest issuers hold the majority of assets, so inflows or outflows at those funds can have a disproportionate effect on overall category figures. Attention is likely to remain on daily flows and on whether large issuers see a return of institutional demand.