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International Business Times

Business

Isaiah McCall

BlackRock's Bitcoin ETF Just Had Its Worst Month Ever. Here's What's Next

Bitcoin United States ETF IBIT Michael Saylor

BlackRock's iShares Bitcoin Trust, the product that turned "institutional demand" into a tidy bull-market slogan, just ran the slogan in reverse. IBIT shed roughly $1.3 billion during the week of June 22 to 26, about 73% of the $1.79 billion that fled the entire US spot Bitcoin ETF complex.

Zoom out and it's worse. US spot Bitcoin ETFs bled $4.06 billion across June, the largest monthly redemption since the products launched in January 2024, with IBIT alone accounting for roughly $3.3 billion, about 75% of the total.

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