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Institutional Exodus: BlackRock’s IBIT Bleeds $773 Million as Bitcoin ETFs Plummet

July 6, 2026•06:52 PM

The crypto ETF landscape is facing a heavy sell-off, headlined by BlackRock’s IBIT, which saw a staggering $773 million exit in a single week. This downturn marks the eighth consecutive week of losses for Bitcoin and Ether funds, highlighting a period of intense volatility and institutional de-risking.

Despite the heavy outflows in major assets, the altcoin sector is providing a silver lining. While Bitcoin ETFs lost $527 million, products tracking XRP, Solana, and HYPE showed surprising resilience, attracting fresh capital and indicating a strategic rotation of liquidity toward high-potential altcoin ecosystems.

However, the narrative isn't entirely bearish. Altcoin ETFs showed remarkable resilience between June 29 and July 2. While the heavyweights faced outflows, XRP, Solana, and HYPE products managed to attract capital, with XRP ETFs specifically adding $17.2 million, suggesting that investors are diversifying into alternative crypto assets.

This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.

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