# US Spot Bitcoin ETFs see $1.79 B weekly net outflows, seventh

**Published:** 2026-06-28T15:10:27.665Z  
**Topic:** Bitcoin  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/9b63073e-c9ac-4937-a51f-b4305989e594

US spot Bitcoin ETFs recorded $1.79 billion net outflows for the week ending June 26, the second‑largest weekly redemption and longest outflow streak since

US spot Bitcoin exchange‑traded funds shed $1.79 billion in net outflows for the week ending June 26, marking the second‑largest weekly redemption on record and extending the longest streak of consecutive outflows since the products launched in January 2024. The pull‑back comes as Bitcoin hovered around $60,000, underscoring fragile price support amid a broader crypto market loss of roughly $150 billion.

| At a glance | |
|---|---|
| Weekly net outflows | $1.79 B |
| Outflow streak | 7 consecutive weeks |
| Largest weekly outflow since | $2.61 B in Feb 2025 |
| Leading fund | BlackRock IBIT ($1.3 B) |
| Bitcoin price range | $58,126 – $60,287 |

## Outflows and market context  
The $1.79 billion weekly net outflow ranks as the second‑largest since spot Bitcoin ETFs debuted in January 2024, only eclipsed by a $2.61 billion exodus in late February 2025 [2]. Seven straight weeks of net redemptions set a new record for sustained outflow duration, contrasting with prior episodes that were sharp but brief. Daily redemptions accelerated toward week‑end, with Thursday’s $696.29 million exit followed by $444.51 million on Friday, marking seven consecutive days of net withdrawals across the sector [2][5].

BlackRock’s iShares Bitcoin Trust (IBIT) accounted for roughly three‑quarters of the total outflows, with about $1.3 billion pulled from the fund alone [2][5]. The average IBIT investor now faces unrealized losses near 40%, according to Bespoke Investment Group estimates cited in the reporting [2]. Across all spot Bitcoin ETFs, the outflow pressure reversed the cumulative flow balance into negative territory for 2026 [3].

## Price action and broader market impact  
Bitcoin’s price spent the week confined near the $60,000 level, briefly dipping to $58,126 before rebounding to $60,287 [2]. The cryptocurrency’s market capitalisation stood at $1.21 trillion, with a 24‑hour trading volume of $30.16 billion, and it retained a 58.10 % share of the overall crypto market despite the selling pressure [3]. The broader crypto market shed close to $150 billion in value during the same period, reflecting a wider risk‑off sentiment [2].

Analysts note that spot Bitcoin ETFs have become a primary conduit for institutional demand since approval; sustained outflows therefore signal a reduction in professional appetite, which could amplify price pressure if other demand sources do not materialise [4]. However, ETF flows are lagging indicators and do not alone dictate price direction; on‑chain activity and broader macro factors remain influential [4].

## What to watch  
- Bitcoin price levels at $58,000 (near recent low) and $62,000 (next resistance).  
- Upcoming ETF flow data releases, especially weekly net redemption figures for the week ending July 3.  
- Institutional on‑chain activity, such as large‑wallet transfers, that could confirm whether outflows translate into actual Bitcoin sales.

The record outflows highlight a turning point for institutional participation in Bitcoin, raising questions about whether the current risk‑averse stance will persist or reverse as market conditions evolve.

## Sources
1. Invezz — [Bitcoin price prediction as weekly spot ETF outflows soar to a record](https://invezz.com/news/2026/06/28/bitcoin-price-prediction-as-weekly-spot-etf-outflows-soars-to-a-record/)
2. Crypto Briefing — [Bitcoin spot ETFs see $1.79B in net outflows, marking second ...](https://cryptobriefing.com/bitcoin-spot-etfs-weekly-outflows/)
3. Tronweekly — [Spot Bitcoin ETF Records $1.79 Billion Weekly Outflows](https://www.tronweekly.com/spot-bitcoin-etf-records-1-79-billion-weekly/)
4. Newsbtc — [US Spot Bitcoin ETFs Log $1.79 Billion Weekly Net Outflows](https://www.newsbtc.com/news/us-spot-bitcoin-etfs-log-1-79-billion-weekly-net-outflows-2/)
5. Grafa — [Bitcoin ETFs see major outflows for seventh week | Grafa](https://grafa.com/en/news/crypto/bitcoin-etfs-see-major-outflows-for-seventh-week)

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Cite as: TrendWatcher, "US Spot Bitcoin ETFs see $1.79 B weekly net outflows, seventh", https://www.trendwatcher.in/article/9b63073e-c9ac-4937-a51f-b4305989e594