In today’s Bitcoin ETF news, BlackRock unloaded more than 1,000 BTC in a single session on Thursday, driving the combined spot Bitcoin ETF net flows to around -1,410 BTC on the day, and the timing couldn’t be worse.
Bitcoin is heading into the weekend on the support it has occupied for the past 4 p.m. without producing a significant rebound, and the macroeconomic context that led to June’s record outflow wave shows no signs of offsetting.
The fundamental tension the data highlights is this: institutional sellers remain active through ETF redemptions, spot demand has not materialized to absorb the pressure, and weaker weekend liquidity in Bitcoin amplifies every directional boost. This is the configuration before Saturday and Sunday.
Bitcoin ETF News: What Thursday Flow Data Really Shows
The warning came from That Martini Guy, a live Bitcoin trading analyst with 706,000 subscribers on Beyond the more than 1,000 BTC in BlackRock Bitcoin IBIT redemptions, WisdomTree’s Bitcoin fund HODL lost an additional 68 BTC on the same day, according to That Martini Guy’s analysis.
His reading was unambiguous: “the support was a support, not a rebound”. Spot demand appears weak, Bitcoin ETF outflows aren’t helping, and falling prices remain the most likely direction in the near term according to his assessment.
(SOURCE: CoinGlass)
Thursday’s session did not take place in isolation. Earlier this month, US spot Bitcoin ETFs lost $325.69 million in a single day on June 5, with IBIT again leading redemptions and Bitcoin briefly touching $59,100. In a separate wave, ETFs saw $733.43 million in net outflows in a single session, their eighth consecutive day of withdrawals at the time, with IBIT alone accounting for $527.84 million of that figure.
Zoom out further and the image is even sharper. BlackRock’s iShares Bitcoin Trust has now experienced its longest multi-week outflow streak since the product launched in January 2024, losing more than $2.7 billion over five weeks. Capital outflows since the start of June amount to around $2.1 billion, after $2.4 billion in May.
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Two macro anchors keeping sellers in check
In other Bitcoin ETF news, the immediate drivers of this BTC sell-off are well-documented and interconnected. The June 2026 FOMC statement removed earlier text recognizing progress toward the Fed’s 2% inflation target, a hawkish signal that prompted two voting members to indicate that rate cuts previously planned for the third quarter of 2026 could extend into 2027.
The resulting revaluation, higher yields, and stronger dollar hit risky assets hard and triggered the initial institutional exit from Bitcoin ETFs. For more on how the FOMC pivot carried over to the ETF market, the change in rate cut timing is worth watching closely.
Added to this is the cryptographic dynamic of the agreement with Iran. The more than 100-day-old conflict between the United States and Iran has kept oil prices high, fueling inflation expectations and reinforcing the Fed’s reluctance to cut rates. However, the recent peace deal has reopened the Strait of Hormuz, providing a short-term reprieve.
Total net assets of spot Bitcoin ETFs fell from about $109 billion at the May 10 peak to about $77 billion, a $33 billion decline that reflects Bitcoin’s -27% decline from $81,443 to a low of $59,353. The dual reading of the FOMC and Iran risk shows the extent to which these two forces operate together.
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Bitcoin price support: hold, not rebound
$BTC swept through 62.3K liquidity and reached our goal.
As mentioned yesterday, I was targeting 62.3K for my Bitcoin shorts and it was an immediate success.
GG to everyone who entered yesterday, I took a more aggressive entry around 64.3K as momentum was clearly declining.
We printed… pic.twitter.com/aErwZwtxgh
– Lennaert Snyder (@LennaertSnyder) June 19, 2026
Bitcoin’s current price support lies near $60,000, a level that has absorbed selling pressure but has not generated any significant upside follow-through. The Fear and Greed Index reached 14/100, deep into extreme fear territory, during the biggest sell-off earlier this month, and forced liquidations reached around $1.8 billion in a single session, the biggest chase since February 2026.
Three scenarios frame the sequel:
Case of the bull: Progress toward a ceasefire in Iran or a Fed communication easing the rate outlook triggers a reversal in ETF flows. Fidelity’s FBTC dominated capital inflows during the brief post-FOMC stabilization earlier this month, a trend evident in its post-FOMC inflows data, suggesting that demand can return quickly when the macroeconomic narrative changes. The recovery towards $70,000 to $74,000 requires a concrete catalyst.
Base case: Macroeconomic overhangs persist throughout the summer, outflows moderate but remain net negative, and Bitcoin climbs between $60,000 and $68,000 while institutional positioning remains cautious. Weekend volatility keeps the range wide.
Bear case: $60,000 break due to low liquidity weekend price action. Prediction markets assign a 71% probability of a move towards $55,000 at the peak of sales in mid-June. Failure to hold at $60,000 opens this target.
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