Bitcoin ETFs Lose $1.72B as Ether Falls; HYPE, XRP Gain
Bitcoin spot ETFs had $1.72B in net outflows June 1–5; ether ETFs lost $168M. HYPE ETFs gained $17M and XRP ETFs added $2.6M in the same week.
From June 1 to June 5, U.S. crypto exchange-traded funds saw sizeable flows away from bitcoin and ether products while HYPE and XRP ETFs drew fresh capital. Bitcoin spot ETFs recorded $1.72 billion in net outflows for the week and ether ETFs lost $168 million.
BlackRock’s IBIT led redemptions among bitcoin funds with $1.34 billion withdrawn. Fidelity’s FBTC saw $201.9 million leave, Grayscale’s GBTC lost $144.3 million and Ark & 21Shares’ ARKB posted $49.7 million in outflows. Smaller bitcoin funds recorded exits as well: Bitwise’s BITB lost $15.6 million and Invesco’s BTCO saw $12.6 million leave. Morgan Stanley’s MSBT added $35.1 million and Vaneck’s HODL attracted $4.2 million in inflows.
Daily flows for bitcoin funds showed sustained selling through much of the week: Monday outflows were $483.76 million, Tuesday $519.19 million and Wednesday $396.60 million. A $3.05 million inflow on Thursday ended a 13-day streak of daily outflows, but Friday returned to heavy redemptions with $325.69 million leaving. The four consecutive weeks with billion-dollar net outflows have totaled about $5.4 billion withdrawn from bitcoin ETFs.
Ether spot ETFs posted $168 million in net outflows for the week. The category lost $44.44 million on Monday, $90.15 million on Tuesday and $52.94 million on Wednesday before a $19.30 million inflow on Thursday, which broke a 17-day losing streak. BlackRock’s ETHA briefly turned positive on Thursday but finished the week with a $5.97 million outflow on Friday.
HYPE-branded ETFs, which provide exposure to a basket of blockchain and crypto-related tokens, drew $17 million in net inflows for the week, supported by products from Bitwise, 21Shares and Grayscale and extending HYPE’s inflow streak. XRP ETFs added $2.6 million overall, with a $4.13 million inflow on Monday, no trading on Tuesday, a $5.34 million outflow on Wednesday and a $3.83 million inflow on Thursday. Solana-focused ETFs recorded $6.5 million in net outflows after a $6.5 million inflow on Tuesday was offset by a $12.74 million exit on Wednesday and a $278,500 outflow on Thursday.
Glassnode data flagged persistent withdrawals. Cryptovizart, lead research analyst at Glassnode, noted: “The 30-day simple moving average of U.S. spot ETF net flows has fallen to -2.45k BTC per day, the fastest sustained pace of outflows since launch.”
Flows during the week were concentrated in the largest bitcoin funds while HYPE and XRP products registered inflows, according to the compiled fund-level and daily figures.
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