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.

The pressure that had been building all week finally broke into a wider rout.

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 added to the strain. Vaneck’s HODL lost $11.72 million, Bitwise’s BITB shed $7.07 million, Franklin’s EZBC saw $6.84 million exit, and Valkyrie’s BRRR recorded a $4.51 million outflow.

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.

Ether ETFs also came under pressure, with $81.87 million in net outflows. The selling was spread across five funds.

Blackrock’s ETHA led the exits with $62.99 million in outflows. Grayscale’s ETHE lost $8.06 million, while the Grayscale Ether Mini Trust saw $5.48 million leave. Fidelity’s FETH posted a $3.49 million exit, and BlackRock’s ETHB lost $2.41 million.

Bitwise’s ETHW offered the only inflow, adding $556,950. Total ether ETF value traded stood at $562.69 million, and net assets closed at $8.30 billion.

HYPE ETFs, one of the market’s most reliable sources of inflows in recent weeks, also turned negative. The category posted $4.64 million in outflows, split between Bitwise’s BHYP with $2.82 million and 21Shares’ THYP with $1.82 million. Total value traded was $12.37 million, while net assets closed at $200.59 million.