Bitcoin ETF Outflows Slow to $316M; XRP and HYPE See Inflows

For the week of June 8-12, bitcoin exchange-traded funds recorded $315.84 million in net outflows while XRP and HYPE products drew $10.68 million and $5.87 million in net inflows.

BlackRock’s IBIT had the largest weekly redemption, losing $355 million. Grayscale’s GBTC posted $87.9 million in outflows. Vaneck’s HODL recorded $13 million in net redemptions.

Several issuers reported inflows. Fidelity’s FBTC added $55.7 million. Ark & 21Shares’ ARKB took in $39.1 million. Grayscale’s Bitcoin Mini Trust gained $27.5 million. Morgan Stanley’s MSBT drew $7.1 million. Bitwise’s BITB added $6.2 million. Hashdex’s DEFI brought in $3.6 million and WisdomTree’s BTCW posted $980,000.

Trading on Friday, June 12, produced $85.9 million of net inflows for bitcoin ETFs. IBIT recorded a $57.7 million inflow that day, FBTC added $18 million, BITB $5.2 million, ARKB $3.2 million and HODL $1.8 million. Those gains did not fully offset earlier redemptions for the week.

Ether spot ETFs lost $14.91 million for the week. The category began with $82.37 million of inflows on Monday, then returned to outflows of $40.85 million, $35.59 million, $15.89 million and $4.95 million from Tuesday through Friday.

XRP ETFs recorded $10.68 million in net inflows for the week, with flows concentrated on Tuesday ($7.44 million), Wednesday ($1.19 million) and Friday ($2.04 million). Reported inflows were led by Bitwise and Franklin products.

HYPE-branded funds, including Bitwise’s BHYP and Grayscale’s HYPG, added $5.87 million in net new money after a period of quieter activity.

Solana ETFs ended the week with $2.58 million in net outflows. The category saw modest inflows earlier in the week, including about $794,270 on Tuesday, but a $4.38 million withdrawal on Thursday led by Bitwise’s BSOL drove the weekly result.

The pace of redemptions eased compared with four consecutive weeks in May and early June when bitcoin ETFs experienced billion-dollar withdrawals.