Bitcoin and Ether Spot ETFs Record $609.3 Million in Net Outflows in Latest Session

Bitcoin and Ether spot exchange-traded funds recorded a combined $609.3 million in net outflows in the latest reported session. Spot Bitcoin ETFs accounted for $519.1 million of the total, with BlackRock's iShares Bitcoin Trust (IBIT) leading redemptions at $388.6 million, followed by Grayscale's GBTC at $83.5 million, Fidelity's FBTC at $45.1 million and Ark Invest's ARKB at $16.7 million. Spot Ether ETFs recorded $90.2 million in total net outflows, with BlackRock's ETHA posting the largest decline at $44.3 million.

Bitcoin traded near $66,884, down approximately 4.1%, while Ether dropped to $1,868.80, down about 5.3%. The selling pressure followed another negative session on June 1, when spot Bitcoin ETFs lost $483.8 million. Across the first two reported trading sessions of June, Bitcoin ETFs recorded more than $1 billion in combined net outflows.