BlackRock IBIT ETF Hits Yearly Low at $33.41 on June 24

BlackRock's iShares Bitcoin Trust (Nasdaq: IBIT) crashed to its yearly low of $33.41 on June 24, following Bitcoin's decline toward $59,000. The fund, which launched in January 2024 as a U.S. spot exchange-traded fund tracking Bitcoin's price, has experienced net outflows of $2.33 billion in June. IBIT functions as a Bitcoin proxy, providing investors indirect exposure to the cryptocurrency through traditional market infrastructure.

IBIT Records Monthly Outflows Since Launch

The fund made a blockbuster debut during the tenure of former U.S. President Joe Biden, posting net inflows of $2.79 billion in January, $4.97 billion in February, and $6.20 billion in March in 2024.

The performance declined in the following months, only to recover when it appeared that Donald Trump was coming back to White House. IBIT posted net inflows of $4.64 billion in October, $5.60 billion in November, and $5.51 billion in December in 2024. Mid-2025 also brought in billions of dollars every month until October ($3.39 billion).

The fund's price reached its all-time high of $71.82 on Oct. 6. Bitcoin's price hit its all-time high of $126,080 the same day. The flash crash on Oct. 10 triggered a decline for the crypto market.

The following months saw outflows of $2.34 billion in November 2025, $473.75 million in December 2025, $136.55 million in January 2026, and $150.29 million in February 2026. March and April brought inflows of $1.40 billion and $2 billion. May saw an outflow of $1.41 billion. June has already recorded $2.33 billion in net outflow.

IBIT Price Tracks Bitcoin Decline

On June 24, Bitcoin fell toward $59,000 for the first time since September 2024. IBIT followed the course and crashed to its yearly low of $33.41 the same day.

As a Bitcoin proxy, the BlackRock fund closely mirrors the cryptocurrency on the price chart. Both the assets are trading more than 50% lower than their all-time highs. Both have lost nearly 45% of their value in a year.

At press time, Bitcoin was trading at $59,144.15 and IBIT was trading at $33.61.

FAQ

What caused BlackRock's IBIT ETF to hit its yearly low on June 24?

IBIT crashed to $33.41 on June 24 as Bitcoin fell toward $59,000, marking the cryptocurrency's lowest level since September 2024. The fund tracks Bitcoin's price and experienced net outflows of $2.33 billion in June.

How has IBIT performed since its launch in January 2024?

IBIT posted strong initial inflows of $2.79 billion in January 2024, $4.97 billion in February 2024, and $6.20 billion in March 2024. The fund reached an all-time high of $71.82 on Oct. 6 before declining. Recent months showed outflows of $2.34 billion in November 2025, $473.75 million in December 2025, $136.55 million in January 2026, and $150.29 million in February 2026.