The crypto exchange-traded fund (ETF) market entered the final week of June with one foot on the brake and the other still searching for growth. Bitcoin and ether funds suffered another bruising stretch of redemptions, yet the same market continued to send capital into XRP and HYPE products, underscoring a sharp split in investor appetite.
Key Takeaways:
Bitcoin ETFs lost $1.79B, led by Blackrock’s $1.3B IBIT outflow in the week ended June 26.Ether ETFs shed $273M, extending a 7-week outflow streak across major issuers.HYPE gained $111M and XRP added $22.99M, showing selective crypto ETF demand.Blackrock’s IBIT was the main source of withdrawals, losing $1.3 billion for the week. Fidelity’s FBTC followed with $314.9 million in outflows, while Grayscale’s GBTC saw $135.3 million leave the fund.
The pressure was broad. Invesco’s BTCO lost $53 million, while Ark & 21Shares’ ARKB shed $37.8 million. Bitwise’s BITB posted $34.6 million in outflows, Vaneck’s HODL lost $6.4 million, while Franklin’s EZBC saw a smaller $3.1 million exit.
Spot ether ETFs also remained under strain, posting $273 million in net outflows. That extended ether ETFs’ outflow streak to seven consecutive weeks.
Daily data showed repeated pressure across the category. Monday’s $66.38 million exit was anchored in Blackrock’s ETHA. Tuesday brought another $82.35 million outflow, despite a $15.69 million inflow into Fidelity’s FETH. Wednesday added a $30.24 million exit, with no inflows recorded. Thursday deepened the decline with $81.87 million in outflows, while Friday saw a $12.85 million exit, both led again by ETHA.
HYPE and XRP Buck the Broader Outflow Trend
