BlackRock’s cryptocurrency exchange-traded funds (ETFs) recorded $1.5 billion in net outflows during the week ending June 5, 2026.
The iShares Bitcoin Trust (IBIT) accounted for $1.34 billion of these total redemptions.
BlackRock’s Ethereum ETFs saw investors withdraw approximately $121.8 million during the same five-day period.
This sustained selling pressure triggered increased price volatility for both Bitcoin and Ethereum.
Market sentiment showed signs of stabilizing by the end of the week as the Bitcoin ETF recorded a modest inflow.
This late-week activity broke a multi-day streak of consecutive withdrawals for the fund.