Key Takeaways
- Bitcoin ETFs lost $82.2M on June 17, led by ARKB and IBIT outflows.
- Ether ETFs saw broad selling, with no inflows and $29M+ exiting major funds.
- HYPE gained $2.1M and Solana $1.1M, showing that modest demand persists.
HYPE ETFs Add $2.1M as Bitcoin and Ether Funds Return to Outflows
The crypto exchange-traded fund (ETF) market cannot seem to hold a straight line.
One day, after every major category finished in the green, the tape flipped back to red. Bitcoin and ether ETFs led the retreat, while HYPE and solana products continued to draw smaller but steady inflows. It was another reminder that investors are not abandoning crypto exposure. They are moving in and out with far less patience.
Bitcoin ETFs recorded $82.16 million in net outflows, spread across five funds. Ark & 21Sharesโ ARKB led the exits with $43.53 million, followed by Blackrockโs IBIT, which lost $30.76 million. Grayscaleโs GBTC saw $15.46 million leave the fund. Invescoโs BTCO posted a $6.39 million outflow, while Vaneckโs HODL lost $4.11 million.
There were two offsets. Fidelityโs FBTC added $14.02 million, and Morgan Stanleyโs MSBT brought in $4.07 million. But the inflows were not enough to rescue the category. Total bitcoin ETF value traded stood at $2.06 billion, while total net assets closed at $80.66 billion.
Ether Funds See No Inflows as Selling Broadens
Ether ETFs also moved lower, with outflows spread across seven funds and no product recording an inflow.
Grayscaleโs Ether Mini Trust led the withdrawals with $9.89 million, while Blackrockโs ETHA saw $8.97 million exit. Fidelityโs FETH lost $4.34 million, and 21Sharesโ TETH recorded a $2.79 million departure.
Grayscaleโs ETHE shed $2.24 million. Smaller exits came from Vaneckโs ETHV, with $638,860, and Bitwiseโs ETHW, with $500,120. Total ether ETF value traded reached $546.09 million, and net assets closed at $9.58 billion.
Altcoins Stay Resilient as BITA Draws Early Attention
HYPE ETFs remained positive, adding $2.14 million. Bitwiseโs BHYP led with $1.63 million, while Grayscaleโs HYPG added $510,580. Total value traded was $33.99 million, with net assets closing at $235.17 million.
Solana ETFs also finished in the green, bringing in $1.06 million, entirely through Fidelityโs FSOL. Total traded value was $54.21 million, while net assets closed at $827.88 million.
XRP ETFs saw no trading activity. Net assets closed at $1.04 billion.
The day also brought more attention to Blackrockโs new iShares Bitcoin Premium Income ETF (BITA). Eric Balchunas, senior ETF analyst at Bloomberg, said BITA traded $6 million and $7 million in its first two days, calling that solid and placing it in the top 1% of ETF launches, though still far from the scale of IBIT.
Wednesdayโs flows showed a market caught in a whipsaw. Bitcoin and ether remain fragile, but demand for altcoins and early interest in income-based bitcoin products suggest investors are still looking for new ways to stay involved.
