BlackRock’s IBIT Tops $47.66M, Ends 13-Day Bitcoin Outflows
BlackRock’s IBIT drew $47.66 million on June 4, ending a 13-day bitcoin ETF outflow streak as the bitcoin ETF group posted $3.05 million in net inflows.
On June 4, bitcoin exchange-traded funds recorded $3.05 million in net inflows, ending a 13-day streak of outflows for the category. BlackRock’s iShares Bitcoin Trust (IBIT) attracted $47.66 million and Morgan Stanley’s MSBT added $9.87 million.
Several actively managed bitcoin products continued to see withdrawals: Ark & 21Shares’ ARKB lost $20.72 million, Bitwise’s BITB saw $15.57 million in redemptions, Invesco’s BTCO posted $12.65 million of outflows and Fidelity’s FBTC dropped $5.54 million. Total value traded across bitcoin ETFs was $3.55 billion and total net assets in the group stood at $80.40 billion.
Ether ETFs posted $19.30 million of net inflows, driven entirely by BlackRock’s ETHA, which ended a 17-session run of outflows. Traded volume for ether ETFs was $605.55 million and net assets closed at $9.78 billion.
HYPE-branded funds extended an inflow streak to 16 days, taking in $12.15 million on June 4. Bitwise’s BHYP led HYPE flows with $7.45 million, and Grayscale’s HYPG added $4.70 million. The HYPE complex traded $50.25 million and held $185.68 million in net assets.
XRP ETFs returned to positive territory with $3.83 million, all of which went into Franklin’s XRPZ. XRP funds traded $18.60 million and had $1.01 billion in net assets at the close. Solana ETFs posted a $278,500 outflow, entirely from Invesco’s QSOL; the Solana group traded $64.63 million and had $791.10 million in assets under management.
The session’s inflows did not erase prior weeks of redemptions across major crypto ETF categories. Bitcoin and ether funds recorded their first positive sessions after extended outflow runs, HYPE and XRP funds continued to attract capital, and several active managers recorded further redemptions.
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