{"id":10306,"date":"2026-06-29T07:37:41","date_gmt":"2026-06-29T07:37:41","guid":{"rendered":"https:\/\/cryptonews.uk.com\/?p=10306"},"modified":"2026-06-29T07:37:41","modified_gmt":"2026-06-29T07:37:41","slug":"bitcoin-etf-investors-once-the-markets-steady-hand-are-now-leading-the-selloff","status":"publish","type":"post","link":"https:\/\/cryptonews.uk.com\/?p=10306","title":{"rendered":"Bitcoin ETF Investors, Once the Market’s Steady Hand, Are Now Leading the Selloff"},"content":{"rendered":"

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  • US spot-Bitcoin ETFs bled more than US$1.3 billion last week, the bulk of it from BlackRock\u2019s IBIT, as outflows ran for seven straight trading days.<\/span><\/li>\n
  • IBIT shed about US$444.5 million on June 26 alone, its largest single-day withdrawal since launching in January 2024.<\/span><\/li>\n
  • Glassnode analysts said investors are now cutting exposure rather than buying the dip, a reversal of the role the funds played in earlier downturns.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n

    US spot-Bitcoin exchange-traded funds shed more than US$1.3 billion (AU$1.885 billion) last week, the bulk of it from BlackRock\u2019s IBIT, as the institutional investors once seen as the market\u2019s steady hand turned into its most aggressive sellers.<\/p>\n

    As per Bloomberg, the outflows ran for seven consecutive trading days and capped a seventh straight week of net withdrawals from IBIT, the largest of the funds. IBIT alone accounted for roughly three-quarters of the week\u2019s net redemptions across the US spot-Bitcoin ETF complex.\u00a0<\/p>\n

    On June 26, about US$444.5 million left IBIT in a single session, its biggest one-day withdrawal since the fund launched in January 2024 and effectively the entire complex\u2019s outflow that day.<\/p>\n

    Related: Bitcoin Slides Below $62K as Crypto and Tech Stocks Sell Off Together<\/strong><\/p>\n

    A Reversal of Roles<\/h2>\n

    The shift marks a departure from past downturns, when spot-Bitcoin ETFs typically absorbed selling and bought the dip. Glassnode analysts said investors are now choosing to cut exposure rather than accumulate, flipping the cohort from a stabilising force into one that is amplifying the decline.<\/p>\n

    That matters because the ETFs were sold, in part, as a source of patient institutional demand that would smooth out crypto\u2019s volatility. With spot-Bitcoin ETF assets still exceeding US$50 billion (AU$72.5 billion), the direction of those flows now carries outsized weight over short-term price action, and a sustained reversal would remove a buyer the market had come to rely on.<\/p>\n

    Not every read is alarming. Some analysts attribute the exits to profit-taking after Bitcoin\u2019s earlier-year rally, combined with uncertainty over Federal Reserve rate policy, while others point to institutional rebalancing and redemption requests rather than a broad loss of confidence.<\/p>\n

    Either way, the selling has weighed on price, with BTC falling roughly 8% over the streak to trade near US$59,000 (AU$85,550). The pattern is a marked break from the early ETF period, when steady inflows into the funds were widely credited with cushioning sell-offs and underpinning Bitcoin\u2019s climb.<\/p>\n

    Related: Vitalik Buterin Unveils 40% Ethereum Foundation Budget Cut in Push for Leaner Future<\/strong><\/p>\n<\/p><\/div>\n

    Bitcoin,ETF#Bitcoin #ETF #Investors #Markets #Steady #Hand #Leading #Selloff1782718661<\/p>\n","protected":false},"excerpt":{"rendered":"

    US spot-Bitcoin ETFs bled more than US$1.3 billion last week, the bulk of it from BlackRock\u2019s IBIT, as outflows ran for seven straight trading days. IBIT shed about US$444.5 million on June 26 alone, its largest single-day withdrawal since launching in January 2024. Glassnode analysts said investors are now cutting exposure rather than buying the<\/p>\n","protected":false},"author":1,"featured_media":10307,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[91,231,5206,66,2021,450,958,2277],"class_list":["post-10306","post","type-post","status-publish","format-standard","has-post-thumbnail","category-bitcoin","tag-bitcoin","tag-etf","tag-hand","tag-investors","tag-leading","tag-markets","tag-selloff","tag-steady"],"yoast_head":"\nBitcoin ETF Investors, Once the Market's Steady Hand, Are Now Leading the Selloff - Crypto News: Latest Cryptocurrency News and Analysis<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptonews.uk.com\/?p=10306\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin ETF Investors, Once the Market's Steady Hand, Are Now Leading the Selloff\" \/>\n<meta property=\"og:description\" content=\"US spot-Bitcoin ETFs bled more than US$1.3 billion last week, the bulk of it from BlackRock\u2019s IBIT, as outflows ran for seven straight trading days. 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