Bitcoin ETFs Lose $696 Million as Blackrock and Fidelity Lead Broad Crypto Selloff
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.
Bitcoin ETFs recorded $696.29 million in net outflows, marking the category’s 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 included Vaneck’s HODL ($11.72M), Bitwise’s BITB ($7.07M), Franklin’s EZBC ($6.84M), and Valkyrie’s BRRR ($4.51M). Morgan Stanley’s 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 ETFs also came under pressure, with $81.87 million in net outflows spread across five funds. Blackrock’s ETHA led the exits with $62.99 million, followed by Grayscale’s ETHE ($8.06M), Grayscale Ether Mini Trust ($5.48M), Fidelity’s FETH ($3.49M), and BlackRock’s ETHB ($2.41M). Bitwise’s ETHW offered the only inflow, adding $556,950. Total ether ETF value traded stood at $562.69 million, with net assets closing at $8.30 billion.
HYPE ETFs, which had been a reliable source of inflows in recent weeks, turned negative with $4.64 million in outflows split between Bitwise’s BHYP ($2.82M) and 21Shares’ THYP ($1.82M). Total value traded was $12.37 million, net assets at $200.59 million.
Solana ETFs lost $3.94 million, entirely through Bitwise’s 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.
Thursday’s flows left little room for nuance. Bitcoin and ether remained the main sources of pressure, but the weakness also spread to HYPE and Solana, turning the session into one of the broadest ETF selloffs of the week. Total weekly redemptions across crypto ETFs now stand at about $1.35 billion.