CoinDesk·1d ago·negative

BlackRock's bitcoin ETF shed $300 million as crypto closes weak quarter

Bitcoin fell 15% in Q2 2026, closing near $58,350, while BlackRock's IBIT alone shed $300 million. The Nasdaq surged 20% in the same period, widening the divergence between crypto and stocks.

Bitcoin dropped 15% in Q2 2026, closing near $58,350 - its lowest since September 2024
BlackRock's IBIT bitcoin ETF shed $300 million in outflows, with smaller funds only partially absorbing the selling
XRP at $1.03 is within reach of falling below $1 for the first time since November 2024
The Nasdaq surged 20%+ in Q2, its best quarter since 2020, while crypto sold off sharply
Crypto stocks also fell: Coinbase (COIN) down 4%, Strategy (MSTR) down 7%, Circle (CRCL) down 13%

marketImpact 7/10

Why our editor rated this negative

Broad-based crypto selloff with bitcoin at multi-month lows, ETF outflows accelerating, and major crypto stocks declining sharply. The divergence from surging stock markets adds to the negative sentiment.

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Last updated 1 Jul 2026

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