Blackrock’s $300M IBIT Exit Extends Bitcoin ETF Outflow Streak to 8 Days

Crypto exchange-traded fund (ETF) flows opened the week with continued pressure on bitcoin and ether funds, which posted combined outflows of $261.14 million. Altcoin ETFs told a different story, led by $15.34 million in XRP inflows, alongside fresh demand for Solana and HYPE products.

Key Takeaways:

• • Bitcoin ETFs lost $231.10M as Blackrock’s IBIT drove an 8th straight outflow day.
• • XRP ETFs gained $15.34M, showing demand shifting beyond bitcoin and ether.
• • Bitwise led Solana and HYPE inflows, signaling selective crypto ETF interest.

XRP ETFs Add $15 Million as Bitcoin and Ether Funds Lose Combined $261 Million

The final stretch of June began with a familiar split across the crypto ETF market.

Bitcoin remained under pressure, ether slipped again, and yet investors kept adding exposure to altcoin products. The day’s flows showed a market still wary of the largest assets, but far from disengaged.

Bitcoin Outflows Continue as IBIT Drives the Decline

Bitcoin ETFs recorded $231.10 million in net outflows, marking their eighth straight day in negative territory. The headline number was driven largely by one fund.

Blackrock’s IBIT saw a steep $300.38 million outflow, extending its recent role as the main source of pressure across the bitcoin ETF complex. Grayscale’s Bitcoin Mini Trust also lost $22.95 million, while Fidelity’s FBTC posted a smaller $3.94 million exit.

The rest of the category showed more constructive demand. Ark & 21Shares’ ARKB brought in $49.97 million, while Grayscale’s GBTC added $35.10 million. Morgan Stanley’s MSBT drew $7.26 million, and Vaneck’s HODL gained $3.83 million.

Without IBIT’s large redemption, the bitcoin ETF market would have looked far healthier. Instead, total value traded came in at $2.13 billion, while total net assets closed at $73.19 billion.

New week, same outflows. Source: Sosovalue Ether ETFs also finished in the red, posting $30.04 million in net outflows. The largest exit came from Blackrock’s ETHB, which lost $37.55 million. Grayscale’s Ether Mini Trust added a $5.72 million outflow.

Those losses were partly offset by inflows elsewhere. Blackrock’s ETHA added $5.87 million, Fidelity’s FETH brought in $5.25 million, and Grayscale’s ETHE gained $2.10 million. Total ether ETF value traded reached $547.38 million, while net assets closed at $8.59 billion.

XRP Leads Altcoin Inflows as Solana and HYPE Stay Positive

XRP ETFs delivered the strongest altcoin flow of the session, adding $15.34 million. Bitwise’s XRP product led with $11.49 million, while Canary’s XRPC added $3.40 million. Total XRP ETF value traded was $12.50 million, and net assets closed at $971.63 million.

Solana ETFs also attracted fresh capital, with $5.52 million in net inflows. Bitwise’s BSOL accounted for most of the gain, adding $4.63 million, while Fidelity’s FSOL drew $892,130. Total solana ETF value traded reached $75.02 million, with net assets closing at $876.37 million.

HYPE ETFs added $2.23 million, entirely through Bitwise’s BHYP. Total value traded stood at $17.11 million, while net assets closed at $334.70 million.

Monday’s flows showed a market divided but still active. Bitcoin and ether ETFs remained vulnerable to large single-fund exits, while XRP, solana and HYPE continued to attract selective capital from investors looking beyond the two largest crypto assets.