Bitcoin ETFs Lose $1.72B in Second-Largest Weekly Outflow Since Launch

Crypto ETF flows stayed under pressure from June 1 to June 5, with bitcoin funds posting a fourth straight week of withdrawals and ether ETFs also ending firmly negative. The weakness was not uniform, however, as HYPE and XRP ETFs drew inflows while solana slipped back into redemptions.

• Key Takeaways:
• • Bitcoin ETFs lost $1.72B for a 4th straight week, led by Blackrock IBIT’s $1.34B outflow.
• • Ether ETFs shed $168M, while HYPE gained $17M and XRP added $2.6M in fresh inflows.
• • Glassnode data shows ETF outflows at a record pace, signaling more selective allocations.

Bitcoin and Ether ETFs Lose $1.89B While HYPE and XRP Draw Fresh Demand

The first week of June did not offer the clean reset crypto exchange-traded fund (ETF) investors may have wanted. Instead, the market delivered another sharp split. Capital kept leaving bitcoin and ether funds at scale, while smaller pockets of the ETF market showed signs of life.

Bitcoin spot ETFs recorded $1.72 billion in net outflows for the week, marking their fourth consecutive week in negative territory and second-largest weekly outflow since inception. The pressure was led by Blackrock’s IBIT, which lost $1.34 billion. That made it the main source of the weekly drawdown and reinforced how concentrated the selling has become.

Fidelity’s FBTC also saw a heavy exit, losing $201.9 million. Grayscale’s GBTC shed $144.3 million, while Ark & 21Shares’ ARKB posted $49.7 million in outflows. Bitwise’s BITB lost $15.6 million, and Invesco’s BTCO saw $12.6 million leave the fund.

There were a few exceptions. Morgan Stanley’s MSBT added $35.1 million, while Vaneck’s HODL drew $4.2 million. But those gains were too small to offset the broader retreat.

The daily flow pattern showed how persistent the pressure was. Bitcoin ETFs lost $483.76 million on Monday, $519.19 million on Tuesday, and $396.60 million on Wednesday. Thursday brought a marginal $3.05 million inflow, ending a 13-day outflow streak, but it did not change the week’s direction, with Friday ending with another huge $325.69 million exit.

Four billion-dollar weekly net outflows in a row have seen $5.4 billion exit bitcoin ETFs Ether ETFs followed the same broad path. The category posted $168 million in net outflows, even after Thursday’s $19.30 million inflow broke a 17-day losing streak. Earlier in the week, ether funds lost $44.44 million on Monday, $90.15 million on Tuesday, and $52.94 million on Wednesday. Blackrock’s ETHA was repeatedly at the center of the outflows before turning positive on Thursday. Yet the week finished with an outflow of $5.97 million on Friday.

XRP ETFs finished the week with $2.6 million in net inflows. The category saw a $4.13 million inflow on Monday, no trading activity on Tuesday, a $5.34 million outflow on Wednesday, and a $3.83 million inflow on Thursday. The weekly gain was modest, but it showed that demand had not disappeared.

Solana ETFs were weaker, recording $6.5 million in net outflows. A $6.50 million inflow on Tuesday was not enough to offset Wednesday’s $12.74 million exit and Thursday’s smaller $278,500 outflow, with no trading activity on Monday and Friday.

HYPE ETFs again looked different from the rest of the market. The category drew $17 million in net inflows for the week, supported by steady demand across products from Bitwise, 21Shares, and Grayscale. HYPE also extended its inflow streak during the week, making it one of the clearest signs of selective institutional appetite.

Cryptovizart, lead research analyst at Glassnode, noted that the 30-day simple moving average of U.S. spot ETF net flows has fallen to -2.45k BTC per day, the fastest sustained pace of outflows since launch. In that reading, this is no longer just episodic selling. It points to a deeper shift in institutional positioning.

Source: Glassnode/Cryptovizart The week’s message was plain. Bitcoin and ether remained a headwind for the ETF market, while HYPE and XRP showed that capital is still willing to move into differentiated crypto exposure. That is not a full recovery. It is a more selective market and a less forgiving one.