Blackrock’s $300M IBIT Exit Extends Bitcoin ETF Outflow Streak to 8 Days
Crypto exchange-traded fund (ETF) flows opened the week with continued pressure on bitcoin and ether funds, which posted combined outflows of $261. 14 million. Altcoin ETFs told a different story, led by. . .
Crypto exchange-traded fund (ETF) flows opened the week with continued pressure on bitcoin and ether funds, which posted combined outflows of $261. 14 million. Altcoin ETFs told a different story, led by $15. 34 million in XRP inflows, alongside fresh demand for Solana and HYPE products. Key TakeawaysBitcoin ETFs lost $231. 10M as Blackrock’s IBIT drove an 8th straight outflow day. XRP ETFs gained $15. 34M, showing demand shifting beyond bitcoin and ether. Bitwise led Solana and HYPE inflows, signaling selective crypto ETF interest. XRP ETFs Add $15 Million as Bitcoin and Ether Funds Lose Combined $261 MillionThe final stretch of June began with a familiar split across thecryptoETF market. Bitcoinremained under pressure, ether slipped again, and yet investors kept adding exposure toaltcoinproducts. The day’s flows showed a market still wary of the largest assets, but far from disengaged. Bitcoin Outflows Continue as IBIT Drives the DeclineBitcoin ETFsrecorded $231. 10 million in net outflows, marking their eighth straight day in negative territory. The headline number was driven largely by one fund. Blackrock’s IBIT saw a steep $300. 38 million outflow, extending its recent role as the main source of pressure across thebitcoin ETFcomplex. Grayscale’sBitcoinMini Trust also lost $22. 95 million, while Fidelity’s FBTC posted a smaller $3. 94 million exit. The rest of the category showed more constructive demand. Ark & 21Shares’ ARKB brought in $49. 97 million, while Grayscale’s GBTC added $35. 10 million. Morgan Stanley’s MSBT drew $7. 26 million, and Vaneck’s HODL gained $3. 83 million. Without IBIT’s large redemption, thebitcoin ETFmarket would have looked far healthier. Instead, total value traded came in at $2. 13 billion, while total net assets closed at $73. 19 billion. New week, same outflows. Source: SosovalueEther ETFs also finished in the red, posting $30. 04 million in net outflows. The largest exit came from Blackrock’s ETHB, which lost $37. 55 million. Grayscale’s Ether Mini Trust added a $5. 72 million outflow. Those losses were partly offset by inflows elsewhere. Blackrock’s ETHA added $5. 87 million, Fidelity’s FETH brought in $5. 25 million, and Grayscale’s ETHE gained $2. 10 million. Total ether ETF value traded reached $547. 38 million, while net assets closed at $8. 59 billion. XRP Leads Altcoin Inflows as Solana and HYPE Stay PositiveXRPETFs delivered the strongestaltcoinflow of the session, adding $15. 34 million. Bitwise’sXRPproduct led with $11. 49 million, while Canary’s XRPC added $3. 40 million. TotalXRPETF value traded was $12. 50 million, and net assets closed at $971. 63 million. SolanaETFs also attracted fresh capital, with $5. 52 million in net inflows. Bitwise’s BSOL accounted for most of the gain, adding $4. 63 million, while Fidelity’s FSOL drew $892,130. TotalsolanaETF value traded reached $75. 02 million, with net assets closing at $876. 37 million. HYPE ETFs added $2. 23 million, entirely through Bitwise’s BHYP. Total value traded stood at $17. 11 million, while net assets closed at $334. 70 million. Monday’s flows showed a market divided but still active. Bitcoinand ether ETFs remained vulnerable to large single-fund exits, whileXRP,solanaand HYPE continued to attract selective capital from investors looking beyond the two largestcryptoassets.