Bitcoin ETFs bleed $696M as the selloff deepens
US spot Bitcoin ETFs shed $696 million on June 25, marking a sixth straight day of outflows. Fidelity and BlackRock led the exits as Bitcoin slid under $60,000 and weekly redemptions topped $1.35 billion.
Fidelity and BlackRock Drive Heaviest Single-Day Exit
US spot Bitcoin ($BTC) ETFs recorded $696 million in net outflows on June 25, according to SoSoValue data, as selling pressure spread across nearly the entire product complex. The category logged its sixth consecutive day in negative territory.
Fidelity's FBTC led the losses with a $274.48 million outflow, narrowly ahead of BlackRock's IBIT, which lost $265.68 million. Ark and 21Shares' ARKB saw $82.11 million leave, while Invesco's BTCO posted a $53.03 million exit. Morgan Stanley's MSBT was the lone bright spot, adding $9.17 million, though that was far too small to offset broader redemptions.
Thursday's session was the largest single-day outflow of the week, pushing total weekly redemptions to roughly $1.35 billion. Ether, HYPE, and Solana ETFs also turned negative, signaling a broader risk-off move across crypto markets.
Long-Term Base Remains Intact Despite the Bleed
The selloff caps a difficult stretch for Bitcoin ETFs that has extended well beyond a single week. US spot Bitcoin ETFs logged back-to-back record outflow streaks in May and June 2026, flipping year-to-date flows negative. Analysts at 10x Research have pointed to macro factors, including reaccelerating inflation data and elevated interest rates, as key drivers of institutional selling through the ETF channel.
Despite the turbulence, the structural picture still holds. Since their January 2024 launch, US spot Bitcoin ETFs have accumulated roughly $52 billion in cumulative net inflows and hold approximately $72.6 billion in total net assets, representing about 6% of Bitcoin's total market capitalisation, per SoSoValue. Investors will be watching whether BlackRock's IBIT, Fidelity's FBTC, and other large products can stabilise, and whether Bitcoin can hold support without the ETF bid providing a visible buyer.
A successful stabilisation would suggest deeper underlying demand; a continued slide would suggest the ETF bid was more important to price support than many investors had assumed.
Sources:
Bitcoin.com News: Bitcoin ETFs Lose $696 Million as BlackRock and Fidelity Lead Broad Crypto Selloff
HedgeCo Insights: Bitcoin Opens June Under Pressure as ETF Outflows Cross $2B
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.