Blackrock IBIT Leads $469M Bitcoin ETF Outflow on June 24

Bitcoin ETFs recorded $469.08 million in net outflows on June 24, marking the largest single-day exit since June 2. Blackrock's IBIT led the selloff with $239.29 million in redemptions, bringing its total three-day outflow to approximately $593 million. The withdrawals represented the fifth consecutive day of negative flows as investor sentiment cooled across the crypto ETF market.

Blackrock IBIT Records $239 Million Outflow on June 24

Blackrock's IBIT accounted for the majority of bitcoin ETF redemptions on June 24, losing $239.29 million. Over the past three trading days, IBIT recorded approximately $593 million in total outflows.

Fidelity's FBTC saw $120.81 million in outflows, while Grayscale's GBTC posted $54.34 million in redemptions. Ark & 21Shares' ARKB lost $50.66 million, and Bitwise's BITB recorded $27.53 million in exits.

Grayscale's Bitcoin Mini Trust provided the only offset with $23.56 million in inflows. Total bitcoin ETF trading volume reached $3.77 billion, while total net assets dropped to $73.87 billion.

Ether ETFs Post $30 Million Exit as XRP Attracts Inflows

Ether ETFs recorded $30.24 million in net outflows on June 24, with no positive flows across the category. Fidelity's FETH led exits with $15.69 million in outflows, followed by Blackrock's ETHA at $8.07 million and Grayscale's Ether Mini Trust at $6.47 million. Total ether ETF trading volume stood at $688.79 million, with net assets closing at $8.48 billion.

XRP ETFs added $2.05 million through Grayscale's GXRP, the only crypto ETF category to record positive flows. Total XRP ETF trading volume reached $20.43 million, while net assets closed at $928.08 million.

Solana ETFs saw no trading activity, with net assets ending at $758.34 million. HYPE ETFs also remained inactive, closing with $197.30 million in net assets.

FAQ

What was the total bitcoin ETF outflow on June 24? Bitcoin ETFs recorded $469.08 million in net outflows on June 24, the largest single-day exit since June 2 and the fifth consecutive day of withdrawals.

How much did Blackrock's IBIT lose over three days? Blackrock's IBIT recorded approximately $593 million in total outflows over three trading days, including $239.29 million on June 24 alone.

Which crypto ETF category attracted inflows on June 24? XRP ETFs were the only category to record positive flows, adding $2.05 million entirely through Grayscale's GXRP fund.