Bitcoin and Ether exchange-traded funds recorded combined outflows of $528.20 million on June 1, extending an 11-day withdrawal streak for Bitcoin ETFs and a 15-day decline for Ether products. Blackrock's IBIT led Bitcoin ETF exits with $440.29 million in outflows, while the firm's ETHA shed $34.97 million from Ether funds. The sustained redemptions reflect what market observers describe as a shift from routine rebalancing to a broader test of institutional conviction, occurring amid pressure that carried over from the final days of May. XRP and HYPE ETFs posted gains totaling $5.41 million, signaling selective institutional demand in altcoin products even as large-cap crypto funds faced continued withdrawals.
Bitcoin ETFs Record $483.76M in Outflows on June 1
Bitcoin ETFs lost $483.76 million on June 1, marking the 11th consecutive day of outflows for the category. Blackrock's IBIT posted the largest single-fund withdrawal at $440.29 million. Fidelity's FBTC recorded $37.29 million in outflows, while Ark & 21Shares' ARKB saw $12.32 million leave the fund.
Morgan Stanley's MSBT drew $6.14 million in inflows, the sole exception among Bitcoin ETF products. Bitcoin ETF value traded reached $2.96 billion on June 1, while total net assets closed at $91.16 billion.
Ether ETFs Extend Decline to 15 Consecutive Days
Ether ETFs posted $44.44 million in net outflows on June 1, the 15th straight day of withdrawals for the category. Blackrock's ETHA recorded $34.97 million in outflows, while Fidelity's FETH saw $9.47 million exit the fund.
Total Ether ETF value traded stood at $700.19 million on June 1, with net assets closing at $11.14 billion. The two Blackrock and Fidelity products accounted for all recorded outflows in the Ether ETF category.
XRP and HYPE ETFs Draw $5.41M in Combined Inflows
XRP ETFs added $4.13 million on June 1, with the entire inflow directed to Canary's XRPC. Total value traded for XRP ETFs reached $14.80 million, and net assets closed at $1.11 billion.
HYPE ETFs drew $1.28 million through 21Shares' THYP. Total value traded for HYPE products reached $60.42 million, while net assets climbed to $185.22 million. Solana ETFs recorded no trading activity on June 1, with net assets ending the session at $931.56 million.
Sygnum Bank Strategist Attributes Flows to Selective Institutional Demand
Can-Luca Köymen, investment strategist at Sygnum Bank, stated that the headline outflow numbers mask a more nuanced market. Köymen noted that selected altcoins and crypto sectors are moving on their own catalysts, including protocol revenue, buyback mechanics, and exposure to growth areas such as tokenised real-world assets and prediction markets.
Köymen pointed to Hyperliquid ETF inflows as an example, stating they arrived during a period of historically weak Bitcoin ETF flows. Köymen said the recent weakness in Bitcoin ETF demand may reflect a short-term positioning reset rather than a structural decline in institutional interest.
FAQ
What was the total outflow from Bitcoin ETFs on June 1?
Bitcoin ETFs lost $483.76 million on June 1, marking the 11th consecutive day of outflows. Blackrock's IBIT recorded the largest single-fund withdrawal at $440.29 million, while Fidelity's FBTC lost $37.29 million and Ark & 21Shares' ARKB saw $12.32 million leave the fund.
How long have Ether ETFs experienced consecutive outflows?
Ether ETFs posted their 15th consecutive day of outflows on June 1, losing $44.44 million. Blackrock's ETHA recorded $34.97 million in withdrawals, while Fidelity's FETH saw $9.47 million exit the fund. Total Ether ETF net assets closed at $11.14 billion.
Which altcoin ETFs recorded inflows on June 1?
XRP ETFs added $4.13 million through Canary's XRPC, while HYPE ETFs drew $1.28 million via 21Shares' THYP. The combined $5.41 million in altcoin ETF inflows occurred as Bitcoin and Ether ETFs lost a combined $528.20 million, according to data from the session.
