Bitcoin and ether exchange-traded funds recorded combined net outflows of $249.44 million on June 10, extending a four-day losing streak for Bitcoin products. Bitcoin ETFs lost $213.85 million, led by Blackrock's IBIT with $148.47 million in withdrawals, while ether ETFs shed $35.59 million as Blackrock's ETHA and Fidelity's FETH drove redemptions. The outflows reflected continued investor withdrawals from the two largest digital asset categories, though demand persisted in alternative crypto ETFs. HYPE and XRP funds added $4 million combined during the session, indicating selective allocation rather than broad risk-off sentiment across all crypto exposure.
Bitcoin ETFs Record $213.85 Million in Net Outflows on June 10
Bitcoin ETFs posted $213.85 million in net outflows, marking the fourth consecutive trading day of withdrawals. Blackrock's IBIT led the session's redemptions with $148.47 million leaving the fund. Grayscale's GBTC added $87.91 million in outflows. Partial offsets came from Grayscale's Bitcoin Mini Trust, which attracted $17.52 million, and Fidelity's FBTC, which added $4.04 million. Total bitcoin ETF value traded reached $1.90 billion, while total net assets declined to $77.33 billion. The four-day outflow streak totaled $708 million.
![Four days of straight outflows for bitcoin ETFs worth $708 million]()
Four days of straight outflows for bitcoin ETFs worth $708 million. Source: Sosovalue
Ether ETFs Lose $35.59 Million as ETHA and FETH Drive Redemptions
Ether ETFs recorded $35.59 million in net outflows on June 10. Blackrock's ETHA led redemptions with a $20.64 million outflow. Fidelity's FETH followed with $16.63 million in withdrawals. Blackrock's ETHB provided a small offset with a $1.68 million inflow. Total ether ETF value traded reached $480.42 million, while net assets closed at $8.96 billion.
HYPE and XRP ETFs Add $4 Million in Combined Inflows
HYPE ETFs brought in $2.78 million on June 10. Bitwise's BHYP added $1.82 million, while Grayscale's HYPG drew $952,550. Total HYPE ETF value traded came in at $26.90 million, and net assets closed at $153.58 million. XRP ETFs added $1.19 million, entirely through Franklin's XRPZ. Total XRP ETF traded value was $11.08 million, while net assets closed at $948.98 million. Solana ETFs recorded no trading activity during the session, with net assets closing at $729.15 million.
FAQ
What caused Bitcoin ETFs to lose $213.85 million on June 10?
Bitcoin ETFs recorded $213.85 million in net outflows on June 10, driven by $148.47 million in withdrawals from Blackrock's IBIT and $87.91 million from Grayscale's GBTC. The outflows extended a four-day losing streak totaling $708 million for Bitcoin products.
Why did HYPE ETFs attract inflows while Bitcoin and Ether ETFs lost capital?
HYPE ETFs added $2.78 million on June 10, with Bitwise's BHYP contributing $1.82 million and Grayscale's HYPG adding $952,550. The inflows indicated selective investor demand for alternative crypto exposure despite $249.44 million in combined outflows from Bitcoin and ether funds during the same session.
