Bitcoin ETFs suffered a third consecutive day of outflows with $286 million in redemptions, primarily from Blackrock’s IBIT. In contrast, ether ETFs logged an 11th straight day of inflows, bringing in $78.17 million.
$286 Million Outflows Hit Bitcoin ETFs While Ether ETFs Celebrate 11th Day of Gains
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Bitcoin ETFs See Third Straight Day of Outflows as Ether ETFs Extend Green Run
The momentum that once fueled bitcoin exchange-traded funds (ETFs) seems to have hit a wall. With another $286 million in outflows, Monday, June 2, marked the third straight day of investor retreat from the asset class.
Leading the pullback was Blackrock’s IBIT, which saw $130.44 million exit the fund, followed by Ark 21Shares’ ARKB (-$73.91 million) and Fidelity’s FBTC (-$50.11 million). Even Grayscale’s GBTC wasn’t spared, shedding $16.47 million. Only Bitwise’s BITB posted a modest inflow of $3.41 million, not nearly enough to reverse the tide.
Total value traded across bitcoin ETFs remained strong at $2.33 billion, but net assets edged down to $125.47 billion, reflecting cautious investor sentiment.
In stark contrast, ether ETFs continued their impressive rally, chalking up an 11th consecutive day of net inflows, this time totaling $78.17 million. Blackrock’s ETHA led the charge with $48.40 million, while Fidelity’s FETH followed with $29.78 million. There were no outflows reported across ether ETFs.
As ether continues to attract fresh capital and bitcoin shows signs of profit-taking or rebalancing, this divergence is catching the eye of institutional watchers, and the rotation narrative may be gaining traction.
