Bitcoin ETFs bled $91 million in outflows on Thursday, June 18, as trading thinned ahead of the Juneteenth market closure. The day's subdued flows also saw Morgan Stanley's MSBT inject fresh capital, while Solana and XRP products attracted modest inflows led by Bitwise. HYPE products recorded zero activity.
The $91 million exit
Thursday's outflow for Bitcoin ETFs was the largest single-day draw this month. The red ink came as investors trimmed positions before the Juneteenth holiday, which shut U.S. markets Friday. Crypto ETF flows overall were quiet, with most products showing minimal activity.
Morgan Stanley adds capital
Morgan Stanley's MSBT fund added fresh capital on Thursday, though the exact amount wasn't disclosed. The move comes as institutional interest in crypto vehicles remains uneven — big outflows from Bitcoin products contrast with pockets of demand elsewhere.
Solana and XRP buck the trend
Bitwise led inflows into Solana and XRP ETFs, drawing modest but positive net flows. Both assets have seen periodic interest from allocators looking beyond Bitcoin and Ethereum. The inflows were small relative to the Bitcoin outflows, but notable given the overall subdued environment.
HYPE products sit out
HYPE-related crypto products saw no trading activity on Thursday. The absence of any volume suggests waning interest in that corner of the market, or simply a lack of catalysts ahead of the long weekend.
The Juneteenth closure means next week's open will reset the flow narrative. Whether Bitcoin ETFs can reverse the outflows or extend the streak remains the open question.
