Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million. Ether funds also saw heavy exits, while HYPE and solana ETFs joined the selloff.
Key Takeaways
- Bitcoin ETFs lost $696.29M on June 25, with Fidelity and Blackrock leading outflows.
- Ether, HYPE, and solana ETFs also turned negative, signaling broader risk-off sentiment.
- Morgan Stanleys MSBT added $9.17M, but ETF demand remains weak across crypto markets.
HYPE ETFs Turn Negative After Weeks of Inflows as Crypto Selloff Widens
The pressure that had been building all week finally broke into a wider rout.
Bitcoin ETFs suffered their largest daily outflow of the week, pushing total weekly redemptions to about $1.35 billion. What began as a steady withdrawal from major funds has now become a broader retreat, with selling spread across nearly the entire bitcoin ETF complex.
Bitcoin ETFs Face Broad-Based Selling
Bitcoin ETFs recorded $696.29 million in net outflows, marking the categorys sixth consecutive day in negative territory. The exits were spread across eight funds.
Fidelity‘s FBTC led the losses with a $274.48 million outflow, narrowly ahead of Blackrock’s IBIT, which lost $265.68 million. Ark & 21Shares‘ ARKB saw $82.11 million leave, while Invesco’s BTCO posted a $53.03 million exit.
Other withdrawals added to the strain. Vaneck‘s HODL lost $11.72 million, Bitwise’s BITB shed $7.07 million, Franklin‘s EZBC saw $6.84 million exit, and Valkyrie’s BRRR recorded a $4.51 million outflow.
Total redemptions for the week cross $1.35 billion. Source: Sosovalue
Morgan Stanleys MSBT was the lone positive contributor, adding $9.17 million. But against the scale of the broader redemptions, the inflow barely moved the needle.
Total bitcoin ETF value traded reached $3.50 billion, while total net assets closed at $72.57 billion.
Ether, HYPE, and Solana Join the Retreat
Ether ETFs also came under pressure, with $81.87 million in net outflows. The selling was spread across five funds.
Blackrock‘s ETHA led the exits with $62.99 million in outflows. Grayscale’s ETHE lost $8.06 million, while the Grayscale Ether Mini Trust saw $5.48 million leave. Fidelity‘s FETH posted a $3.49 million exit, and BlackRock’s ETHB lost $2.41 million.
Bitwises ETHW offered the only inflow, adding $556,950. Total ether ETF value traded stood at $562.69 million, and net assets closed at $8.30 billion.
HYPE ETFs, one of the market‘s most reliable sources of inflows in recent weeks, also turned negative. The category posted $4.64 million in outflows, split between Bitwise’s BHYP with $2.82 million and 21Shares THYP with $1.82 million. Total value traded was $12.37 million, while net assets closed at $200.59 million.
Solana ETFs lost $3.94 million, entirely through Bitwises BSOL. Total value traded reached $57.97 million, with net assets closing at $755.51 million.
XRP ETFs saw no trading activity. Net assets closed at $906.59 million.
Thursdays flows left little room for nuance. Bitcoin and ether remained the main sources of pressure, but the weakness also reached HYPE and solana, turning the session into one of the broadest ETF selloffs of the week.
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