Bitcoin ETFs Record $316M Outflows While XRP and HYPE Funds Gain

Bitcoin ETFs recorded $315.84 million in net outflows from June 8 to June 12, while XRP ETFs gained $10.68 million and HYPE ETFs added $5.87 million during the same period. The outflows marked a fifth consecutive negative week for Bitcoin funds but represented a significant slowdown from the billion-dollar withdrawals seen in May/June. Selective investor demand concentrated in alternative cryptocurrency ETFs as Blackrock's IBIT lost $355 million for the week despite drawing $57.7 million in inflows on June 12.

Blackrock IBIT Records $355 Million Weekly Outflow Despite June 12 Recovery

Blackrock's IBIT lost $355 million from June 8 to June 12. Grayscale's GBTC recorded $87.9 million in outflows, while Vaneck's HODL lost $13 million during the same period.

Several Bitcoin ETFs posted inflows for the week. Fidelity's FBTC added $55.7 million, Ark & 21Shares' ARKB brought in $39.1 million, and Grayscale's Bitcoin Mini Trust gained $27.5 million. Morgan Stanley's MSBT drew $7.1 million, Bitwise's BITB added $6.2 million, Hashdex's DEFI brought in $3.6 million, and Wisdomtree's BTCW posted $980,000 in inflows.

Bitcoin ETFs recorded $85.9 million in net inflows on June 12. IBIT led with $57.7 million, FBTC added $18 million, BITB brought in $5.2 million, ARKB added $3.2 million, and HODL gained $1.8 million.

Ether ETFs posted $14.91 million in net outflows for the week from June 8 to June 12. Ether funds drew $82.37 million on Monday, then recorded exits of $40.85 million, $35.59 million, $15.89 million, and $4.95 million from Tuesday through Friday.

XRP and HYPE ETFs Draw Inflows as Solana Funds Face Pressure

XRP ETFs recorded $10.68 million in net inflows from June 8 to June 12. XRP funds added $7.44 million on Tuesday, $1.19 million on Wednesday, and $2.04 million on Friday, with demand supported by Bitwise and Franklin products.

HYPE ETFs posted $5.87 million in net inflows for the week. Inflows went into Bitwise's BHYP and Grayscale's HYPG during the period.

Solana ETFs ended the week with $2.58 million in net outflows from June 8 to June 12. The category saw $794,270 in inflows on Tuesday, but Thursday recorded $4.38 million in outflows led by Bitwise's BSOL.

FAQ

What did Bitcoin ETFs record from June 8 to June 12?

Bitcoin ETFs recorded $315.84 million in net outflows from June 8 to June 12. Blackrock's IBIT lost $355 million for the week, while Fidelity's FBTC added $55.7 million and Ark & 21Shares' ARKB brought in $39.1 million.

How did XRP and HYPE ETFs perform during the same period?

XRP ETFs recorded $10.68 million in net inflows from June 8 to June 12, with demand supported by Bitwise and Franklin products. HYPE ETFs posted $5.87 million in net inflows, with flows into Bitwise's BHYP and Grayscale's HYPG.