BlackRock’s IBIT Drops $182M as Bitcoin ETFs Lose $114M
BlackRock’s IBIT fell $182 million on June 23 as bitcoin ETFs posted $113.78 million in net outflows and ether ETFs recorded $82.35 million in outflows.
On June 23 BlackRock’s IBIT experienced a $182 million outflow, contributing to $113.78 million in net redemptions across bitcoin exchange-traded funds. Ether ETFs recorded $82.35 million in net outflows the same day.
Within the bitcoin group, Ark & 21Shares’ ARKB attracted $30.98 million and Fidelity’s FBTC drew $23.04 million. Morgan Stanley’s MSBT added $8.92 million and Vaneck’s HODL received $5.28 million. The IBIT withdrawal was larger than the combined inflows to other issuers, leaving the bitcoin ETF category in net outflow. Total bitcoin ETF trading value on June 23 was $1.56 billion and combined net assets stood at $77.54 billion.
Ether ETFs also saw sizable redemptions. BlackRock’s ETHA recorded an $86.07 million outflow, Grayscale’s Ether Mini Trust lost $10.27 million and BlackRock’s ETHB posted a $1.71 million outflow. Fidelity’s FETH was the main source of buying interest in the sector, with a $15.69 million inflow. Total ether ETF trading value for the day was $354.45 million and net assets for the category closed at $8.95 billion.
Some thematic and altcoin products posted modest inflows. Grayscale’s HYPE group added $1.46 million in total, with HYPG taking $1.10 million and 21Shares’ THYP adding $359,200. HYPE products traded $20.79 million in value and held $202.96 million in net assets. Solana ETFs recorded a $137,290 inflow concentrated in Canary’s SOLC; total Solana ETF trading value was $42.83 million and net assets were $792.44 million. XRP ETFs reported no trading activity and held $965.31 million in net assets.
Maksym Sakharov, co-founder and group CEO of WeFi, noted that while ETFs have made access to bitcoin easier for many investors, broader concerns about crypto adoption, interest rates, liquidity and downside risk remain.
June 23’s flows left bitcoin and ether ETF categories in net outflow while a small number of alternative and thematic funds recorded inflows.
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