Blackrock’s IBIT Loses $182 Million as Bitcoin ETF Outflows Reach $114 Million
Crypto ETF flows stayed under pressure on Tuesday, June 23, as bitcoin funds lost $113.78 million and ether ETFs saw $82.35 million in outflows. HYPE and Solana products attracted modest inflows, while XRP ETFs saw no trading activity.
Bitcoin Inflows Fail to Offset Another IBIT Exit
Bitcoin ETFs posted $113.78 million in net outflows. Ark & 21Shares’ ARKB led inflows with $30.98 million, followed by Fidelity’s FBTC with $23.04 million and Morgan Stanley’s MSBT with $8.92 million. VanEck’s HODL added $5.28 million. However, Blackrock’s IBIT recorded a $182 million outflow, erasing gains across other issuers and keeping Bitcoin ETFs firmly negative. Total bitcoin ETF value traded stood at $1.56 billion, with net assets at $77.54 billion.
Maksym Sakharov, co-founder of WeFi, noted that continued outflows show ETFs were expected to carry more weight for market sentiment than they realistically could. “ETFs made access easier, but they were never going to remove the bigger concerns investors have right now,” he said.
Ether Slides Again as Altcoin Flows Stay Selective
Ether ETFs finished in the red with $82.35 million in net outflows. Blackrock’s ETHA led exits with $86.07 million, while Grayscale’s Ether Mini Trust lost $10.27 million. Fidelity’s FETH attracted $15.69 million, but the inflow was insufficient to change the category’s direction. Total ether ETF value traded was $354.45 million, with net assets at $8.95 billion.
HYPE ETFs remained positive, adding $1.46 million, led by Grayscale’s HYPG with $1.10 million. Solana ETFs saw a modest $137,290 inflow through Canary’s SOLC. XRP ETFs saw no trading activity.
Tuesday’s flows showed a market still shaped by caution, with Bitcoin and ether as weak points, while HYPE and Solana indicate selective investor allocation.