U.S. spot crypto exchange-traded funds recorded $449.6 million in combined net outflows on June 3, with Bitcoin products losing $396.6 million and Ether products losing $53 million. The outflows occurred as institutional investors continued to reduce spot crypto exposure through regulated ETF products. The June 3 session extended redemption pressure that began at the start of June, reflecting weakened institutional risk appetite in the regulated crypto ETF market.
BlackRock and Fidelity Bitcoin ETFs Account for $396.6 Million in June 3 Outflows
Spot Bitcoin ETFs accounted for $396.6 million in total net outflows on June 3. BlackRock's iShares Bitcoin Trust led redemptions with $342.3 million in outflows, while Fidelity's FBTC lost $54.3 million. All other tracked Bitcoin funds—Bitwise's BITB, Ark Invest and 21Shares' ARKB, Invesco's BTCO, Franklin Templeton's EZBC, Valkyrie's BRRR, VanEck's HODL, WisdomTree's BTCW, Morgan Stanley's MSBT, Grayscale's GBTC, and Grayscale's BTC—recorded no net flow for the session.
IBIT alone accounted for more than 86% of total Bitcoin ETF redemptions on June 3, making BlackRock's fund the main driver of the day's negative flow. The concentration of outflows in IBIT and FBTC was notable because both products have been among the most important institutional access points for spot Bitcoin exposure.
Bitcoin ETFs Record $1.4 Billion in Three-Day Outflows
The June 3 outflows followed two large negative sessions earlier in the month. Spot Bitcoin ETFs lost $483.8 million on June 1 and $519.1 million on June 2, taking three-session Bitcoin ETF outflows to approximately $1.4 billion. The pace of withdrawals marks a reversal from periods when ETFs absorbed steady institutional demand and helped support Bitcoin's price momentum.
Redemptions on June 3 were not broad across every issuer. The outflow was concentrated in the two largest institutional products, which can indicate portfolio-level rebalancing by larger allocators rather than a uniform withdrawal across the entire ETF complex.
Ether ETFs Post $53 Million in June 3 Redemptions
Spot Ether ETFs recorded $53 million in total net outflows on June 3. BlackRock's ETHA lost $51.6 million, while Fidelity's FETH recorded $1.4 million in withdrawals. Other Ether funds—ETHB, ETHW, TETH, ETHV, QETH, EZET, Grayscale's ETHE, and Grayscale's ETH—showed no net flow for the session.
Ether funds lost $44.5 million on June 1 and $90.2 million on June 2, bringing three-session outflows to approximately $187.7 million. For a market with lower ETF liquidity and a smaller institutional base than Bitcoin, that level of selling remains meaningful.
FAQ
What were the total crypto ETF outflows on June 3?
U.S. spot crypto ETFs recorded $449.6 million in combined net outflows on June 3, with Bitcoin ETFs losing $396.6 million and Ether ETFs losing $53 million.
Which Bitcoin ETF had the largest outflows on June 3?
BlackRock's iShares Bitcoin Trust (IBIT) led Bitcoin ETF redemptions with $342.3 million in outflows, accounting for more than 86% of total Bitcoin ETF outflows on June 3.
How much did Bitcoin ETFs lose over three sessions in early June?
Spot Bitcoin ETFs lost $483.8 million on June 1, $519.1 million on June 2, and $396.6 million on June 3, bringing three-session outflows to approximately $1.4 billion.
