Blackrock’s IBIT Loses $182 Million as Bitcoin ETF Outflows Reach $114 Million

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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.

Key Takeaways:

Bitcoin exchange-traded funds (ETFs) lost $113.78M on June 23 as Blackrock’s IBIT shed $182M.Ether ETFs fell $82.35M, showing risk-off sentiment despite Fidelity’s $15.69M inflow.HYPE gained $1.46M and Solana added $137K, signaling selective crypto demand.

Fidelity’s FETH Draws $15.7 Million but Ether ETFs Still Post $82 Million Outflow Bitcoin Inflows Fail to Offset Another IBIT Exit

Ark & 21Shares’ ARKB led the inflows with $30.98 million, while Fidelity’s FBTC added $23.04 million. Morgan Stanley’s MSBT drew $8.92 million, and Vaneck’s HODL brought in $5.28 million.

Bitcoin ETF outflows have slowed, but inflows remain insufficient. Source: Sosovalue

Ether Slides Again as Altcoin Flows Stay Selective

Ether ETFs also finished in the red, with $82.35 million in net outflows.

Blackrock’s ETHA led the exits with $86.07 million, while Grayscale’s Ether Mini Trust lost $10.27 million. Blackrock’s ETHB added a smaller $1.71 million outflow.

Fidelity’s FETH offered the lone offset, attracting $15.69 million. Still, the inflow was not enough to change the category’s direction. Total ether ETF value traded was $354.45 million, and net assets closed at $8.95 billion.

HYPE ETFs remained positive, adding $1.46 million. Grayscale’s HYPG brought in $1.10 million, while 21Shares’ THYP added $359,200. Total value traded was $20.79 million, with net assets closing at $202.96 million.