Bitcoin and Ether ETFs Record $449.6 Million in Net Outflows on June 3

U.S. spot Bitcoin and Ether ETFs recorded a combined $449.6 million in net outflows on June 3, with Bitcoin products accounting for $396.6 million of the redemptions. BlackRock's iShares Bitcoin Trust (IBIT) led the selling with $342.3 million in outflows, representing more than 86% of total Bitcoin ETF redemptions for the session, while Fidelity's FBTC lost $54.3 million.

The June 3 session extended a redemption trend that began at the start of the month. Spot Bitcoin ETFs posted combined outflows of $483.8 million on June 1 and $519.1 million on June 2, bringing three-day Bitcoin ETF outflows to approximately $1.4 billion. Ether ETFs lost $44.5 million on June 1, $90.2 million on June 2, and $53 million on June 3, totaling about $187.7 million across the three-day period.