In Bitcoin ETF news today, BlackRock offloaded more than 1,000 BTC in a single Thursday session, dragging combined spot Bitcoin ETF net flows to approximately -1,410 BTC on the day, and the timing could not be worse.
Bitcoin is heading into the weekend sitting on support it has occupied for 16 hours without producing a meaningful bounce, and the macro backdrop that drove this June's record outflow wave shows no sign of clearing.
The core tension the data lays bare is this: institutional sellers remain active through ETF redemptions, spot demand has not materialized to absorb the pressure, and thinner weekend liquidity in Bitcoin amplifies every directional nudge. That is the setup heading into Saturday and Sunday.
Bitcoin ETF News: What the Thursday Flow Data Actually Shows
The warning came from That Martini Guy, a live Bitcoin trading analyst with 706,000 followers on X and more than 150,000 YouTube subscribers, who flagged the early Thursday data before all ETF issuers had even reported. Beyond BlackRock Bitcoin IBIT's 1,000-plus BTC in redemptions, HODL, WisdomTree's Bitcoin fund, shed another 68 BTC on the same day, according to That Martini Guy's analysis.
His read was unambiguous: "support has been support, not a bounce." Spot demand looks weak, Bitcoin ETF outflows are not helping, and lower prices remain the more probable near-term direction in his assessment.
Thursday's session did not arrive in isolation. Earlier this month, US spot Bitcoin ETFs bled $325.69M in a single day on June 5, with IBIT again leading redemptions and Bitcoin briefly touching $59,100. In a separate wave, ETFs recorded $733.43M in net outflows in one session, their eighth consecutive withdrawal day at the time, with IBIT alone accounting for $527.84M of that figure.
Zoom out further, and the picture is starker still. BlackRock's iShares Bitcoin Trust has now endured its longest multi-week outflow streak since the product launched in January 2024, bleeding more than $2.7Bn over five weeks. June month-to-date outflows stand at roughly $2.1Bn, following $2.4Bn in May.
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In other Bitcoin ETF news, the proximate drivers of this BTC sell-off are well documented and interconnected. The FOMC's June 2026 statement stripped out prior language acknowledging progress toward the Fed's 2% inflation target, a hawkish signal that prompted two voting members to indicate that rate cuts previously penciled in for Q3 2026 could slip into 2027.