Blackrock’s IBIT Leads $469 Million Bitcoin ETF Selloff in Biggest Exit Since June 2
Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469.08 million exit, the largest since June 2. Ether ETFs also remained negative, while XRP was the only category to draw fresh capital.
Blackrock’s IBIT led the redemptions, losing $239.29 million, bringing its total outflow over the past three trading days to about $593 million. Fidelity’s FBTC saw $120.81 million leave, Grayscale’s GBTC posted $54.34 million outflows, Ark & 21Shares’ ARKB lost $50.66 million, and Bitwise’s BITB recorded $27.53 million in exits. Grayscale’s Bitcoin Mini Trust attracted $23.56 million, but that inflow was too small to change the overall direction. Total bitcoin ETF value traded reached $3.77 billion, while net assets dropped to $73.87 billion.
Ether ETFs posted $30.24 million in net outflows, with no inflows recorded. Fidelity’s FETH led exits at $15.69 million, Blackrock’s ETHA lost $8.07 million, and Grayscale’s Ether Mini Trust shed $6.47 million. Total ether ETF value traded stood at $688.79 million, with net assets at $8.48 billion.
XRP ETFs were the only bright spot, adding $2.05 million entirely through Grayscale’s GXRP. Total value traded reached $20.43 million, while net assets closed at $928.08 million.
Solana and HYPE ETFs saw no trading activity, with net assets at $758.34 million and $197.30 million, respectively.
Wednesday’s flows showed a market still moving away from its largest crypto ETF exposures. Bitcoin and ether remained under pressure, while XRP’s modest inflow offered only a narrow counterweight to another risk-off session.