Bitcoin ETFs Hit 13-Day Outflow Streak With $396M Exit

Crypto ETF flows remained broadly negative on Wednesday, June 3, as bitcoin and ether funds extended long outflow streaks. HYPE ETFs were the lone bright spot, drawing fresh capital even as the wider market moved into risk-off mode.

• Key Takeaways:
• • Bitcoin ETFs lost $396.6M on June 3, with Blackrock IBIT shedding $342.3M.
• • Ether, solana, and XRP ETFs saw outflows; ETHA drove a 17-day ether losing streak.
• • HYPE ETFs gained $2.99M via 21Shares THYP, standing alone against broader weakness.

HYPE ETFs Add $2.99M While Bitcoin and Ether Outflow Streaks Deepen

The pressure that began in bitcoin and ether has now spread across much of the crypto exchange-traded fund (ETF) market. After nearly two weeks of steady redemptions, investors continued to pull money from the largest digital asset funds.

Bitcoin ETFs took the biggest hit again, while ether products slipped deeper into their losing run. More notable, though, was the turn in solana and XRP funds, which both saw their first outflows in over a month.

Bitcoin ETFs recorded $396.60 million in net outflows, marking the category’s 13th consecutive day in negative territory. The exits were concentrated in two major funds. 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 further to $82.83 billion.

New week, same story for bitcoin ETFs. Outflows from three days of trading have already totaled $1.4 billion, just $200 million shy of last week’s total of $1.42 billion. Source: Sosovalue. Ether ETFs also remained under pressure. The group posted $52.94 million in net outflows, extending its 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 smaller $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.

The weakness then reached the altcoin complex.

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 also 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.

Only HYPE ETFs resisted the broader pullback. The category 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 a market under growing strain, with bitcoin, ether, solana, and XRP ETFs all losing capital in the same session. HYPE remained the exception, but the broader message was clear: investors are still cutting exposure, and the pressure is no longer limited to the largest crypto assets.