Key Takeaways
- Bitcoin ETFs lost $1.79B, led by Blackrock’s $1.3B IBIT outflow in the week ended June 26.
- Ether ETFs shed $273M, extending a 7-week outflow streak across major issuers.
- HYPE gained $111M and XRP added $22.99M, showing selective crypto ETF demand.
Bitcoin ETF Outflows Reach Third-Highest Week on Record
Spot bitcoin ETFs recorded $1.79 billion in net outflows for the week spanning June 22 to June 26, marking the third-highest weekly net outflow on record. The selloff deepened a difficult run for the largest crypto ETF category and showed that institutional demand for bitcoin exposure remains under pressure.
Blackrock’s IBIT was the main source of withdrawals, losing $1.3 billion for the week. Fidelity’s FBTC followed with $314.9 million in outflows, while Grayscale’s GBTC saw $135.3 million leave the fund.
The pressure was broad. Invesco’s BTCO lost $53 million, while Ark & 21Shares’ ARKB shed $37.8 million. Bitwise’s BITB posted $34.6 million in outflows, Vaneck’s HODL lost $6.4 million, while Franklin’s EZBC saw a smaller $3.1 million exit.
There were a few pockets of demand. Grayscale’s Bitcoin Mini Trust added $71.7 million. Morgan Stanley’s MSBT brought in $26.2 million, and Wisdomtree’s BTCW gained $3.4 million. But those inflows were far too small to offset the larger exits from IBIT, FBTC and GBTC.
Ether Extends Losing Run as Bitcoin Pressure Builds
Spot ether ETFs also remained under strain, posting $273 million in net outflows. That extended ether ETFs’ outflow streak to seven consecutive weeks.
Daily data showed repeated pressure across the category. Monday’s $66.38 million exit was anchored in Blackrock’s ETHA. Tuesday brought another $82.35 million outflow, despite a $15.69 million inflow into Fidelity’s FETH. Wednesday added a $30.24 million exit, with no inflows recorded. Thursday deepened the decline with $81.87 million in outflows, while Friday saw a $12.85 million exit, both led again by ETHA.
The message was clear. Ether ETFs are not facing the same scale of redemptions as bitcoin funds, but the trend is still negative and persistent.
HYPE and XRP Buck the Broader Outflow Trend
The altcoin side of the market looked very different.
Spot HYPE ETFs saw $111 million in net inflows, making them the clear standout of the week. That was notable because HYPE funds were quiet on Monday and Wednesday, added $1.46 million and $1.82 million respectively on Tuesday and Friday, but saw a huge $108.09 million inflow on Thursday. The weekly total points to a strong late-week rebound and continued investor interest in newer crypto ETF exposure.
Spot XRP ETFs recorded $22.99 million in net inflows for the week, continuing their recent pattern of steady, targeted demand. XRP products added $5.31 million on Monday through Bitwise’s XRP fund, saw no activity on Tuesday, brought in $2.05 million through Grayscale’s GXRP on Wednesday, and were quiet again on Thursday. However, Friday brought in a substantial $15.63 million inflow to cap a solid week.
Solana flows were more subdued with a $1.81 million outflow. The category saw no trading activity on Monday, added $137,290 through Canary’s SOLC on Tuesday, was quiet on Wednesday, lost $3.94 million through Bitwise’s BSOL on Thursday, but saw a modest $1.99 million add on Friday.
The week’s flow picture was stark. Bitcoin and ether remained the weak links, with combined outflows above $2 billion. But the strength in HYPE and XRP showed that investors are not leaving crypto ETFs altogether. They are becoming more selective, rewarding products with clearer momentum and cutting exposure where conviction has weakened temporarily.