Bitcoin exchange-traded funds posted a third straight day of net redemptions on June 9, with BlackRock's IBIT alone shedding $77 million. Combined outflows across Bitcoin and Ether ETFs hit $118 million, ending a brief one-day rebound for ether funds. The session marked a clear split: while BTC and ETH products bled, XRP funds pulled in $7.4 million and Solana ETFs saw modest inflows.
BlackRock's IBIT leads the exits
IBIT accounted for roughly two-thirds of the day's Bitcoin ETF outflow, continuing a streak that began over the weekend. No other single Bitcoin ETF came close to that figure. The broader Bitcoin fund category has now shed money for three consecutive sessions, a pattern that hasn't gone unnoticed by market watchers even if the total remains small relative to assets under management.
Ether funds back in red
Ether ETFs slipped back into redemptions after a brief recovery on Monday. The reversal wiped out most of the prior day's inflows. Combined with Bitcoin's drag, the $118 million net exit is the largest single-day outflow for the two asset classes combined in the past two weeks.
XRP and Solana draw inflows
XRP funds added $7.4 million — a notable bright spot given the broader risk-off tone. Solana ETFs also pulled in modest sums, though the exact figures weren't disclosed. Both products have been gaining traction this quarter as investors rotate beyond the two largest digital assets.
No action for HYPE
HYPE-tied products recorded zero trading activity on June 9. The lack of volume isn't unusual — the fund has seen sporadic days with no trades since launch — but it underscores how concentrated investor interest remains in a handful of established names.
The three-day outflow streak for Bitcoin ETFs is the longest since late May. With no major macro catalyst on the calendar this week, the trend could extend unless a shift in sentiment — or a price move — breaks the rhythm.
