🔴 iShares Bitcoin Trust ETF is trading 5.1% down today as Bitcoin drops below $70,000 on MicroStrategy selling and ETF outflows

iShares Bitcoin Trust ETF is trading 5.1% down today, reflecting a sharp move lower in Bitcoin, which fell below $70,000 on June 2, 2026, marking its lowest level since April.

• Selling pressure is being driven by MicroStrategy’s first Bitcoin sale since 2022 and large Mt. Gox-linked wallet transfers.
• Institutional risk appetite is being curbed by persistent inflation and geopolitical tensions, resulting in continued outflows from spot Bitcoin ETFs.