Bitcoin exchange-traded funds recorded $396.60 million in net outflows on June 3, marking the category's 13th consecutive day of redemptions. Ether, solana, and XRP ETFs also posted outflows as investor pressure spread across the crypto ETF market. Bitcoin ETFs saw concentrated withdrawals from Blackrock's IBIT ($342.34 million) and Fidelity's FBTC ($54.26 million), while ether products extended their losing streak to 17 straight trading days with $52.94 million in exits. Solana and XRP funds recorded their first outflows in over a month, with $12.74 million and $5.34 million leaving respectively. Only HYPE ETFs resisted the broader pullback, adding $2.99 million through 21Shares' THYP.
Blackrock IBIT and Fidelity FBTC Lead Bitcoin ETF Withdrawals
Bitcoin ETFs recorded $396.60 million in net outflows on June 3. Blackrock's IBIT led the withdrawals with a $342.34 million outflow. Fidelity's FBTC followed with $54.26 million leaving the fund. Total bitcoin ETF value traded stood at $2.60 billion, while total net assets fell to $82.83 billion. Outflows from three days of trading totaled $1.4 billion, $200 million shy of last week's total of $1.42 billion.
Ether ETFs Extend Losing Streak to 17 Days With $52.94M Exit
Ether ETFs posted $52.94 million in net outflows, extending the losing streak to 17 straight trading days. Blackrock's ETHA accounted for nearly all of the day's redemptions, with $51.58 million leaving the fund. Fidelity's FETH added a $1.35 million exit. Total ether ETF value traded reached $636.12 million, while net assets slipped below the $10 billion mark to close at $9.96 billion.
Solana and XRP ETFs Post First Outflows in Over a Month
Solana ETFs recorded $12.74 million in net outflows, their first negative day in more than a month. Bitwise's BSOL led the move with an $11.56 million exit, while Grayscale's GSOL lost $1.19 million. Total value traded was $57.39 million, and net assets closed at $826.52 million.
XRP ETFs saw their first outflow in more than a month, with $5.34 million leaving the category. Bitwise's XRP product led the withdrawals with $4.06 million in outflows. Grayscale's GXRP lost $699,420, while 21Shares' TOXR saw $589,370 exit. Total traded value came in at $13.13 million, and net assets closed at $1.03 billion.
21Shares THYP Adds $2.99M as HYPE ETFs Stand Alone
HYPE ETFs added $2.99 million, entirely through 21Shares' THYP. Total value traded was $33.78 million, while net assets rose to $192.01 million. Wednesday's flows showed bitcoin, ether, solana, and XRP ETFs all losing capital in the same session, with HYPE remaining the exception.
FAQ
What did Bitcoin ETFs record on June 3?
Bitcoin ETFs recorded $396.60 million in net outflows on June 3, marking the category's 13th consecutive day of redemptions. Blackrock's IBIT led the withdrawals with a $342.34 million outflow, followed by Fidelity's FBTC with $54.26 million.
How long has the ether ETF losing streak lasted?
Ether ETFs extended their losing streak to 17 straight trading days, posting $52.94 million in net outflows. Blackrock's ETHA accounted for $51.58 million of the day's redemptions, while total net assets fell below $10 billion to close at $9.96 billion.
Which crypto ETF category saw inflows on June 3?
HYPE ETFs added $2.99 million on June 3, entirely through 21Shares' THYP. Total value traded was $33.78 million, while net assets rose to $192.01 million, standing alone against broader weakness in bitcoin, ether, solana, and XRP ETFs.
