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.
Key Takeaways:
Bitcoin ETFs lost $469.08M on June 24, led by Blackrock’s $239.29M IBIT outflow.Ether ETFs fell $30.24M, while Grayscale’s GXRP added $2.05M to XRP ETFs. Bitcoin and ether remain under pressure as XRP alone attracted fresh ETF demand.The selling was not limited to Blackrock. Fidelity’s FBTC saw $120.81 million leave the fund, while Grayscale’s GBTC posted a $54.34 million outflow. Ark & 21Shares’ ARKB lost $50.66 million, and Bitwise’s BITB recorded a $27.53 million exit.
Ether Slips Again as XRP Holds PositiveEther ETFs also closed in negative territory, posting $30.24 million in net outflows. No inflows were recorded across the category.
Fidelity’s FETH led the exits with $15.69 million in outflows. Blackrock’s ETHA followed with an $8.07 million departure, while Grayscale’s Ether Mini Trust lost $6.47 million.
Total ether ETF value traded stood at $688.79 million, and net assets closed at $8.48 billion.
