Blackrock’s IBIT Leads $469 Million Bitcoin ETF Selloff in Biggest Exit Since June 2
Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469. 08 million exit, the largest since June 2. Ether ETFs also. . .
Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469. 08 million exit, the largest since June 2. Ether ETFs also remained negative, while XRP was the only category to draw fresh capital. Key TakeawaysBitcoin ETFs lost $469. 08M on June 24, led by Blackrock’s $239. 29M IBIT outflow. Ether ETFs fell $30. 24M, while Grayscale’s GXRP added $2. 05M to XRP ETFs. Bitcoin and ether remain under pressure as XRP alone attracted fresh ETF demand. Blackrock’s IBIT Tops $593 Million in 3-Day Outflows as Bitcoin ETFs SlideThe pressure inbitcoin ETFsdid not ease. It accelerated. After several sessions of steady redemptions, the category suffered its heaviest outflow in more than three weeks, underscoring how quickly sentiment has cooled across the largestcryptoETF products. Ether funds also stayed in the red, whilesolanaand HYPE ETFs went quiet. Bitcoin Outflows Deepen as IBIT Leads the ExitBitcoin ETFsrecorded $469. 08 million in net outflows, marking their fifth consecutive day of withdrawals. It was the largest daily exit since June 2. Blackrock’s IBIT again led the redemptions, losing $239. 29 million. That brought IBIT’s total outflow over the past three trading days to about $593 million, making it the clearest source of pressure across thebitcoin ETFmarket. Blackrock’s IBIT continues to lead outflows with a $593 million exit over three days. Source: SosovalueThe selling was not limited to Blackrock. Fidelity’s FBTC saw $120. 81 million leave the fund, while Grayscale’s GBTC posted a $54. 34 million outflow. Ark & 21Shares’ ARKB lost $50. 66 million, and Bitwise’s BITB recorded a $27. 53 million exit. There was one offset. Grayscale’sBitcoinMini Trust attracted $23. 56 million, but the inflow was far too small to change the overall direction. Totalbitcoin ETFvalue traded reached $3. 77 billion, while total net assets dropped to $73. 87 billion. Ether Slips Again as XRP Holds PositiveEther ETFs also closed in negative territory, posting $30. 24 million in net outflows. No inflows were recorded across the category. Fidelity’s FETH led the exits with $15. 69 million in outflows. Blackrock’s ETHA followed with an $8. 07 million departure, while Grayscale’s Ether Mini Trust lost $6. 47 million. Total ether ETF value traded stood at $688. 79 million, and net assets closed at $8. 48 billion. XRPETFs were the only bright spot. The category added $2. 05 million, entirely through Grayscale’s GXRP. Total value traded reached $20. 43 million, while net assets closed at $928. 08 million. SolanaETFs saw no trading activity, with net assets ending the day at $758. 34 million. HYPE ETFs were also quiet, closing with $197. 30 million in net assets. Wednesday’s flows showed a market still moving away from its largestcryptoETF exposures. Bitcoinand ether remained under pressure, whileXRP’s modest inflow offered only a narrow counterweight to another risk-off session.