Spot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeks

Written by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerWritten by Ezra Reguerrastaff writerReviewed by Yohan Yunstaff writerSpot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeksLatest NewsPublishedJun 8, 2026BlackRock’s IBIT accounted for most of the weekly Bitcoin ETF redemptions, while Fidelity and Grayscale funds also saw outflows.Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data.The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15.Data compiled by Farside Investors shows that the pressure was concentrated across the first three trading days of June, when the funds shed $483.8 million, $519.1 million and $396.6 million, respectively. The ETFs briefly reversed into a $3.2 million inflow on Thursday before Friday's $325.7 million in outflows. BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for the bulk of the week's redemptions, with about $1.34 billion in net outflows. The Fidelity Wise Origin Bitcoin Fund (FBTC) lost $201.9 million, while the Grayscale Bitcoin Trust ETF (GBTC) recorded $144.3 million in net outflows over the same period.The four-week redemption streak marks a sharp reversal from the strong inflows that supported spot Bitcoin ETFs earlier this year.Daily net inflows for spot Bitcoin ETFs. Source: SoSoValueOutflows reflect "macro-driven" risk repricingMatthew Pinnock, chief operating officer of Altura DeFi, said the ETF outflows reflect a “macro-driven repricing of risk” rather than a Bitcoin-specific concern.Pinnock said IBIT accounted for most of the redemptions because of its scale, liquidity and role as a preferred institutional access vehicle. He said large investors typically use the deepest and most liquid products when adjusting portfolio risk.Related: Bitcoin risks new purge with bear-market losses still $35B below 2022 total “The timing of thes…

Spot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeks

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