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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
07/01/2026

BlackRock’s IBIT Sees $300M Outflow as Bitcoin Closes Weak Q2; Trump Reports $1B+ in Crypto Proceeds

What happened: BlackRock’s IBIT spot Bitcoin ETF recorded $300 million in outflows on June 29, extending a multi-day streak that contributed to $4.

BlackRock’s IBIT Sees $300M Outflow as Bitcoin Closes Weak Q2; Trump Reports $1B+ in Crypto Proceeds

What happened: BlackRock’s IBIT spot Bitcoin ETF recorded $300 million in outflows on June 29, extending a multi-day streak that contributed to $4.06 billion in net ETF outflows for June. Bitcoin ended Q2 2026 near $58,350, down 15% for the quarter and at its lowest level since September 2024. Meanwhile, former President Donald Trump’s latest financial disclosure reported over $1 billion in crypto-related revenue, including $635 million from memecoin royalties and $500 million in token sales.

Why it matters: The scale of ETF outflows signals waning institutional demand for Bitcoin, with AI-driven equity rallies in markets like Korea crowding out crypto flows. Trump’s crypto windfall—spanning token sales, royalties, and cold storage—underscores the growing intersection of politics, celebrity, and digital assets, but also highlights the volatility and concentration risk in crypto-based revenue streams.

Source: CoinDesk