Bitcoin ETFs Hit 9-Day Outflow Streak With $223 Million Exit as June Ends in the Red

Crypto ETF Selloff Deepens as Bitcoin, Ether and Altcoin Funds All Finish in the Red

June closed with a clean sweep of red across the crypto exchange-traded fund (ETF) market.

After weeks of uneven but selective demand, Tuesday delivered a more decisive risk-off session. Bitcoin remained the main source of pressure, but the weakness did not stop there. Ether slipped again. HYPE saw a rare outflow, while XRP and solana also finished lower.

Bitcoin and Ether Funds See No Inflows

Bitcoin ETFs recorded $222.64 million in net outflows, extending their losing streak to nine consecutive trading days. Unlike some recent sessions, there were no offsetting inflows across the category.

The pressure was concentrated in Blackrock’s IBIT, which lost $212.45 million. Fidelity’s FBTC accounted for the rest of the day’s redemptions, with a $10.20 million exit.

Total bitcoin ETF value traded reached $2.53 billion, while total net assets closed at $70.95 billion. The session capped the worst month ever for U.S. spot bitcoin ETFs, with $4.5 billion in outflows, nine days of redemptions, and $3.55 billion leaving Blackrock’s IBIT alone. That monthly picture showed how quickly the ETF market’s early strength has given way to a more defensive institutional posture.

Analysts at Yield Basis said the outflows largely reflect bitcoin’s normal market cycle, with macro conditions amplifying the move.

“ Bitcoin has historically gone through periods of explosive inflows followed by outflows that were just as strong,” they said, adding that ETF demand is now being shaped by the same forces affecting other institutional assets, including liquidity, rates and risk appetite. They also noted that bitcoin held in ETFs and corporate treasuries remains largely passive, making yield and liquidity infrastructure increasingly important for investors who want to manage holdings without exiting positions.

Ether ETFs followed the same pattern. The category posted $27.60 million in net outflows, entirely through Blackrock’s ETHA. No ether ETF recorded an inflow during the session. Total ether ETF value traded stood at $379.51 million, with net assets closing at $8.33 billion.

Altcoin ETFs Join the Selloff

The weakness also reached altcoin products, where flows had often been more resilient in recent weeks.

HYPE ETFs saw a rare outflow of $3.01 million, entirely from 21Shares’ THYP. Total value traded was $10.98 million, while net assets closed at $325.29 million. The exit was modest in size but notable given HYPE’s recent role as one of the stronger pockets of ETF demand.

XRP ETFs also ended lower. Bitwise’s XRP product saw a $5.82 million outflow, while Canary’s XRPC brought in $2.99 million. The result was a net outflow of $2.83 million for the category. Total XRP ETF value traded came in at $9.23 million, and net assets closed at $944.06 million.

Solana ETFs completed the red day with a $2.50 million outflow, entirely through Bitwise’s BSOL. Total value traded reached $69.30 million, while net assets closed at $848.03 million.

Tuesday’s flows left little room for a positive reading. All five major crypto ETF categories closed in negative territory, with bitcoin and ether leading the decline and altcoin products offering no meaningful offset. The final session of June showed a market still cautious, still selective, and for the moment, short on fresh conviction.