Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Hit 11 Days

According to Bitcoin.com, Blackrock's IBIT shed $440.29 million on June 1, marking the 11th consecutive day of outflows for Bitcoin ETFs. Bitcoin ETF net outflows reached $483.76 million for the day, with Fidelity's FBTC losing $37.29 million and Ark & 21Shares' ARKB shedding $12.32 million. Bitcoin ETF net assets closed at $91.16 billion.

Ether ETFs posted $44.44 million in outflows on the same day, extending losses to a 15th consecutive day, with Blackrock's ETHA declining $34.97 million. In contrast, XRP ETFs gained $4.13 million, signaling selective institutional demand shifting toward altcoins amid broader crypto fund outflows.