Average IBIT investor now down about 40% as spot bitcoin ETFs cap second-worst week on record

The average investor in BlackRock's iShares Bitcoin Trust (IBIT) is now sitting on a loss of about 40%, according to Bespoke Investment Group, a sign of how hard this year's selloff has hit the mainstream buyers who came to bitcoin through the largest U.S. spot crypto ETF by assets under management.

IBIT drew cash quickly after its January 2024 launch, and the average investor was up about 30% as recently as mid-2025, per Bespoke data cited by Bloomberg. Bitcoin's decline since then has pushed that into a loss of roughly 40%. Nate Geraci, president of NovaDius Wealth Management, called the loss "a brutal intro to btc for mainstream investors."

IBIT has taken in $60.77 billion since launch but now holds $44.42 billion in net assets, according to SoSoValue data. The roughly $16 billion difference, a product of bitcoin's price drop, has widened from about $13.4 billion that The Block noted in mid-June.

Second-largest weekly outflow since launch

U.S. spot bitcoin ETFs posted about $1.79 billion in net outflows in the week ending Friday, June 26, according to SoSoValue. Only the $2.61 billion exodus of late February 2025 was larger, making it the heaviest weekly outflow since the funds began trading in January 2024.

That tops the $1.72 billion the funds lost in the first week of June, which The Block reported at the time as their worst week since February 2025.

Friday's $444.51 million net outflow came exclusively from IBIT, with no other ETFs seeing significant flows, and extended the daily outflow streak to seven sessions. Thursday was the heaviest day of the run, at $696.29 million in outflows.

The week was also the funds' seventh consecutive negative week, a stretch that began in mid-May. That is the longest run of weekly outflows since the products launched, according to The Block's analysis of SoSoValue data, beating two five-week streaks in early 2025 and early 2026.

The selling has coincided with a more hawkish Federal Reserve. The central bank held rates at its June 18 meeting and cut the easing language from its statement, and traders have since priced in better-than-even odds of a rate increase in December, The Block previously reported.

Bitcoin (BTC) traded near $60,750 on Saturday, down more than half from its October 2025 record of $126,272, according to The Block's Bitcoin Price page.

Spot ether ETFs extend seven-week slide

Spot ether ETFs lost $273.34 million in the week ending June 26, per SoSoValue data, their seventh straight weekly outflow. The run is one week short of the eight-week streak the category posted in early 2025.

Friday's $12.85 million outflow came entirely from BlackRock's ETHA, which, like its bitcoin counterpart, is the largest ether ETF by net assets. The funds hold $8.38 billion in net assets in total, or 4.42% of ether's market value, against $10.90 billion in cumulative inflows.

Ether (ETH) traded near $1,600 on Saturday, according to The Block's Ethereum Price page.

Newer funds buck the trend, but stay small

Some newer crypto ETFs went the other way, though they remain a fraction of the size of the bitcoin and ether products. The Hyperliquid, Solana, and XRP funds hold about $2 billion in net assets between them, against $72.82 billion for the bitcoin funds and $8.38 billion for the ether funds, according to SoSoValue.

Hyperliquid funds stood out within that group. The three products took in $108.09 million on Thursday, June 25, by far their largest day since launching May 12, then added $1.82 million on Friday to reach $293.92 million in cumulative inflows, according to SoSoValue. Even that standout day was smaller than the $444.51 million that left IBIT alone on Friday.

XRP funds drew $15.63 million on Friday, their biggest daily inflow in weeks, lifting cumulative inflows to $1.47 billion, according to SoSoValue. Solana ETFs were roughly flat, with a $3.94 million outflow in their most recent reported session on June 25, per SoSoValue.