Bitcoin ETFs Lose $396.6M; Ether, Solana, XRP Also See Outflows
Investors withdrew $396.6 million from Bitcoin ETFs on June 3, extending a 13-day outflow streak; Ether, Solana and XRP ETFs also recorded net redemptions.
On June 3 investors pulled $396.6 million from Bitcoin exchange-traded funds, marking the 13th straight trading day of net outflows for the category. Ether, Solana and XRP ETFs also saw redemptions, while HYPE-themed products were the only group to attract fresh capital that day.
BlackRock’s iShares Bitcoin Trust (IBIT) led Bitcoin ETF withdrawals with $342.34 million redeemed. Fidelity’s FBTC recorded $54.26 million in outflows. Total value traded across Bitcoin ETFs was $2.60 billion and aggregate net assets for the group declined to $82.83 billion. Net withdrawals over the first three trading days of the week totaled about $1.4 billion, compared with roughly $1.42 billion for the prior week’s first three sessions.
Ether ETFs posted $52.94 million in net outflows, extending a 17-day streak of redemptions. BlackRock’s ETHA accounted for $51.58 million of the exits and Fidelity’s FETH saw $1.35 million redeemed. Ether ETF trading volume reached $636.12 million and total net assets for the group fell to $9.96 billion, below the $10 billion mark.
Solana ETFs recorded their first net outflow in more than a month, losing $12.74 million. Bitwise’s BSOL led the category with an $11.56 million withdrawal and Grayscale’s GSOL saw $1.19 million redeemed. Solana ETF trading totaled $57.39 million and net assets stood at $826.52 million.
XRP products registered $5.34 million in net redemptions, the first outflow for the group in over a month. Bitwise’s XRP product recorded $4.06 million in outflows, Grayscale’s GXRP lost about $699,420 and 21Shares’ TOXR saw $589,370 exit. XRP ETF total traded value was $13.13 million and net assets closed at $1.03 billion.
HYPE ETFs were the only category to add capital, taking in $2.99 million entirely through 21Shares’ THYP. HYPE trading totaled $33.78 million and the group’s net assets rose to $192.01 million.
Wednesday’s activity showed redemptions concentrated in the largest Bitcoin and Ether funds and also affecting mid-cap and niche token ETFs. Total trading volumes and falling net asset values across several categories reflected net withdrawals from crypto ETFs on the session.
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