Crypto exchange-traded fund (ETF) flows remained negative for the week of June 8 to June 12, but the pace of selling eased sharply from prior weeks. Bitcoin ETFs lost $315.84 million, ether ETFs saw a modest $14.91 million exit, while XRP and HYPE products attracted fresh capital.
Bitcoin ETF Outflows Ease to $316 Million While XRP and HYPE Gain Momentum
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Key Takeaways
- Bitcoin ETFs lost $315.8M from June 8-12, though Blackrock IBIT saw $57.7M inflow on June 12.
- XRP ETFs gained $10.68M, and HYPE ETFs added $5.87M, showing selective investor demand.
- Ether ETFs lost $15M weekly; solana ETFs shed $3M as flows remain mixed.
Blackrock’s IBIT Loses $355 Million as Fidelity and Ark Draw New Money
The crypto ETF market did not stage a full recovery this week. But it did stop looking like a one-way exit.
After weeks of heavy redemptions, the tone became more balanced. Bitcoin funds still finished in the red, dragged lower by another large weekly outflow from Blackrock’s IBIT. Ether ETFs also closed negative, though only slightly. At the same time, XRP and HYPE ETFs showed steady demand, while solana funds remained under pressure.
Bitcoin spot ETFs recorded $315.84 million in net outflows from June 8 to June 12. The result marked another negative week, but it was far lighter than the four consecutive billion-dollar withdrawals seen earlier in May/June.
The pressure was concentrated in IBIT, which lost $355 million for the week. Grayscale’s GBTC also saw a notable exit, with $87.9 million in outflows. Vaneck’s HODL lost $13 million.
Several funds moved the other way. Fidelity’s FBTC added $55.7 million, while Ark & 21Shares’ ARKB brought in $39.1 million. Grayscale’s Bitcoin Mini Trust gained $27.5 million. Morgan Stanley’s MSBT drew $7.1 million, Bitwise’s BITB added $6.2 million, Hashdex’s DEFI brought in $3.6 million, and Wisdomtree’s BTCW posted $980K in inflows.
Friday helped soften the weekly picture. Bitcoin ETFs recorded $85.9 million in net inflows on June 12, led by IBIT with $57.7 million. FBTC added $18 million, BITB brought in $5.2 million, ARKB added $3.2 million, and HODL gained $1.8 million.
Ether ETFs were closer to flat, but still negative. The category posted $14.91 million in net outflows for the week. Monday began strongly, with ether funds drawing $82.37 million, helped by broad inflows across major issuers. That momentum faded quickly. Ether funds returned to outflows over the next three sessions, including exits of $40.85 million, $35.59 million, $15.89 million, and $4.95 million from Tuesday through Friday.
Altcoin Funds Show Selective Demand as HYPE and XRP Stay Positive
XRP ETFs stood out on the positive side. The category recorded $10.68 million in net inflows for the week, supported by demand from Bitwise and Franklin products. XRP funds added $7.44 million on Tuesday, $1.19 million on Wednesday, and $2.04 million on Friday, while other sessions were quiet.
Solana ETFs ended the week with $2.58 million in net outflows. The category saw modest inflows early in the week, including $794,270 on Tuesday, but selling pressure returned. Thursday’s $4.38 million outflow, led by Bitwise’s BSOL, weighed on the weekly total.
HYPE ETFs remained one of the more resilient corners of the market, posting $5.87 million in net inflows. Demand returned after a quiet patch, with inflows into Bitwise’s BHYP and Grayscale’s HYPG during the week.
The week’s message was more nuanced than the headline outflow suggests. Bitcoin and ether ETFs are still struggling to rebuild momentum, but the selling pressure has eased. Meanwhile, XRP and HYPE inflows show that investors are still willing to allocate to crypto funds when the exposure is specific, differentiated, and timely.
