Bitcoin.com News
Powered by

Bitcoin ETFs Lose $68M Despite Ark and Fidelity $121M Inflow

This article was published more than a month ago. Some information may no longer be current.

Crypto ETF flows started Monday, June 22, on a cautious note, with bitcoin and ether funds recording combined outflows of $134.56 million. XRP ETFs remained a bright spot with fresh inflows, while solana and HYPE products saw no trading activity.

WRITTEN BY
SHARE
Bitcoin ETFs Lose $68M Despite Ark and Fidelity $121M Inflow

Key Takeaways

  • Bitcoin ETFs lost $68.18M on June 22, with IBIT and GBTC driving the outflows.
  • XRP ETFs gained $5.31M, showing selective demand as ether funds lost $66.38M.
  • ARKB, FBTC, and MSBT drew inflows, hinting institutional interest remains active.

XRP ETFs Extend Winning Run With $5.3M Inflow as Bitcoin Funds Stay Weak

The week opened with a familiar tension in the crypto exchange-traded fund (ETF) market: investors were still willing to buy, but not enough to overcome large exits from the biggest funds.

Bitcoin ETFs posted $68.18 million in net outflows, though the headline number masked a more active and balanced session beneath the surface. Several products attracted meaningful capital, suggesting demand has not vanished.

Ark & 21Shares’ ARKB led the inflows with $64 million, followed by Fidelity’s FBTC with $57.38 million. Grayscale’s Bitcoin Mini Trust added $48.14 million, while Morgan Stanley’s MSBT brought in $8.11 million. Further inflows came from Franklin’s EZBC, which added $3.72 million, and Wisdomtree’s BTCW, which drew $3.40 million.

Bitcoin ETFs Lose $68M Despite Ark and Fidelity $121M Inflow
Despite the broad inflows for bitcoin ETFs, heavy outflows for IBIT and GBTC ended the day in net outflows of $68.18M. Source: Sosovalue

IBIT and GBTC Drag Bitcoin Funds Lower

The problem for bitcoin ETFs was concentration on the outflow side.

Blackrock’s IBIT saw a $171.96 million exit, while Grayscale’s GBTC lost $80.96 million. Those two redemptions were enough to erase the broader inflows across other issuers and leave the category negative for the day.

Total bitcoin ETF value traded reached $1.87 billion, while total net assets closed at $80.22 billion.

Ether ETFs also began the week under pressure. The category recorded $66.38 million in net outflows, with nearly all of the movement tied to Blackrock’s ETHA.

A small inflow of $346,070 went into 21Shares’ TETH, but it did little to offset the broader exit. Total ether ETF value traded stood at $433.10 million, and net assets closed at $9.44 billion.

XRP Stays Positive as Solana and HYPE Go Quiet

XRP ETFs offered the clearest positive flow of the day. The category added $5.31 million, entirely through Bitwise’s XRP product. Total value traded was $15.05 million, while net assets closed at $993.29 million.

Solana ETFs saw no trading activity, with net assets ending the session at $836.09 million. HYPE ETFs were also quiet after weeks of stronger demand. Net assets closed at $219.58 million.

Monday’s flows showed a market still caught between selective buying and large single-fund redemptions. Bitcoin demand was broad but overwhelmed by IBIT and GBTC exits, while ether remained weak and XRP continued to attract steady, targeted capital.

Crypto ETF flows stayed divided in the holiday-shortened week ending June 19, with bitcoin funds posting $226.8 million in outflows…

Read Now: Grayscale’s GBTC Leads $227M Bitcoin ETF Weekly Outflow as HYPE Funds Add $28M