US-based spot Bitcoin and Ethereum exchange-traded funds recorded significant net outflows on June 2nd, with Bitcoin ETFs seeing $519.23 million withdrawn and Ethereum ETFs losing $90.14 million. The outflows marked the 12th consecutive trading day of net withdrawals from Bitcoin ETFs and the 16th consecutive day for Ethereum ETFs. Experts attribute the sustained capital flight to a decline in investors' short-term risk appetite, as cryptocurrency markets remain sensitive to macroeconomic developments and institutional investor behavior.
Bitcoin ETFs Record $519.23 Million Net Outflow on June 2nd
US spot Bitcoin ETFs experienced a net outflow of $519.23 million on June 2nd, extending the consecutive outflow streak to 12 trading days. Over this 12-day period, total capital withdrawn from spot Bitcoin ETFs reached approximately $3.98 billion.
BlackRock's IBIT fund recorded the largest single-day outflow at $388.68 million. Grayscale Investments' GBTC fund followed with an outflow of $83.51 million, while Fidelity Investments' FBTC fund saw $45.14 million withdrawn. ARK Invest's ARKB fund experienced an outflow of $16.67 million.
Morgan Stanley's MSBT fund was the sole exception, recording a net inflow of $14.77 million on June 2nd.
Ethereum ETFs See $90.14 Million Net Outflow on June 2nd
Spot Ethereum ETFs traded in the US recorded a total net outflow of $90.14 million on June 2nd, marking the 16th consecutive trading day of net withdrawals.
BlackRock's ETHA fund led Ethereum ETF outflows with $44.27 million withdrawn. Grayscale's Mini ETH fund saw a $25.41 million outflow, Fidelity's FETH fund recorded a $15.63 million outflow, and Grayscale's ETHE fund experienced a $3.87 million outflow. BlackRock's staking-focused ETHB fund also recorded a net outflow of approximately $960,000.
Experts Link Outflows to Declining Short-Term Risk Appetite
Experts note that the ongoing capital outflows from ETFs reflect a decline in investors' short-term risk appetite. They observe that cryptocurrency markets will continue to be shaped by macroeconomic developments and institutional investor behavior in the coming period.
FAQ
What was the total net outflow from US Bitcoin ETFs on June 2nd?
US spot Bitcoin ETFs recorded a net outflow of $519.23 million on June 2nd, marking the 12th consecutive trading day of net withdrawals. Over the 12-day period, total capital withdrawn from spot Bitcoin ETFs reached approximately $3.98 billion.
Which Bitcoin ETF had the largest outflow on June 2nd?
BlackRock's IBIT fund recorded the largest outflow among Bitcoin ETFs on June 2nd, with $388.68 million withdrawn. Grayscale Investments' GBTC fund followed with an outflow of $83.51 million, and Fidelity Investments' FBTC fund saw $45.14 million withdrawn.
How long have Ethereum ETFs experienced consecutive net outflows?
Ethereum ETFs have experienced net outflows for 16 consecutive trading days as of June 2nd, when they recorded a total net outflow of $90.14 million. BlackRock's ETHA fund led the outflows with $44.27 million withdrawn.
