Key takeaways
- Bitcoin ETFs lost $82.2 million on June 17, led by ARKB and IBIT outflows.
- Ether ETFs saw broad selling, with no inflows and over $29 million in outflows from major funds.
- HYPE gained $2.1 million and Solana gained $1.1 million, showing modest demand persists.
HYPE ETFs add $2.1 million Bitcoin and Ether funds return to the exits
THE crypto The exchange-traded fund (ETF) market can’t seem to maintain a straight line.
One day, after every major category finished in the green, the ribbon turned red again. Bitcoin and ether ETFs led the retreat, while HYPE and Solana the products continued to attract smaller but regular capital inflows. It’s another reminder that investors aren’t giving up crypto exposure. They come in and out with much less patience.
Bitcoin ETF recorded $82.16 million in net outflows, spread across five funds. Ark & 21Shares’ ARKB led the outflows with $43.53 million, followed by Blackrock’s IBIT, which lost $30.76 million. Grayscale’s GBTC saw $15.46 million leave the fund. Invesco’s BTCO saw an outflow of $6.39 million, while Vaneck’s HODL lost $4.11 million.
There were two compensations. Fidelity’s FBTC added $14.02 million and Morgan Stanley’s MSBT added $4.07 million. But the influx was not enough to save the category. Total Bitcoin ETFs the traded value stood at $2.06 billion, while the total net assets stood at $80.66 billion.
Ether funds see no inflow as sales widen
Ether ETFs also fell, with outflows spread across seven funds and no products seeing inflows.
Grayscale’s Ether Mini Trust led withdrawals with $9.89 million, while Blackrock’s ETHA saw an outflow of $8.97 million. Fidelity’s FETH lost $4.34 million and 21Shares’ TETH saw a start of $2.79 million.
Grayscale’s ETHE lost $2.24 million. Smaller outflows came from Vaneck’s ETHV, with $638,860, and Bitwise’s ETHW, with $500,120. The total value of ether ETFs traded reached $546.09 million and net assets closed at $9.58 billion.
Altcoins Stay resilient as BITA grabs early attention
HYPE ETFs remained positive, adding $2.14 million. Bitwise’s BHYP leads with $1.63 million, while Grayscale’s HYPG added $510,580. The total trading value stood at $33.99 million, with net assets closing at $235.17 million.
Solana ETFs also finished in the green, bringing in $1.06 million, entirely through Fidelity’s FSOL. The total trading value stood at $54.21 million, while net assets closed at $827.88 million.
XRP The ETFs saw no trading activity. Net assets closed at $1.04 billion.
The day also brought more attention to Blackrock’s new iShares Bitcoin Premium Income ETF (BITA). Eric Balchunas, senior ETF analyst at Bloomberg, said BITA traded $6 million and $7 million in its first two days, calling that solid and putting it in the top 1% of ETF launches, although it’s still far from IBIT’s scale.
Wednesday’s feeds showed a market caught in a whirlwind. Bitcoin and Ether remain fragile, but demand for altcoins and early interest in income-based Bitcoin products suggests investors are still looking for new ways to stay involved.
Blackrock Leads Crypto ETF Flows as Bitcoin, Ether and XRP All Turn Positive
Crypto ETF flows turned positive across the board on Tuesday June 16, with Bitcoin, Ether, HYPE, XRP and Solana ETFs…
Blackrock Leads Crypto ETF Flows as Bitcoin, Ether and XRP All Turn Positive
Crypto ETF flows turned positive across the board on Tuesday June 16, with Bitcoin, Ether, HYPE, XRP and Solana ETFs…
Blackrock Leads Crypto ETF Flows as Bitcoin, Ether and XRP All Turn Positive
Crypto ETF flows turned positive across the board on Tuesday June 16, with Bitcoin, Ether, HYPE, XRP and Solana ETFs…
