For the week of June 8 to June 12, 2024, Bitcoin ETFs recorded net outflows of $315.84 million. Ether ETFs also bled, though at a more modest $14.91 million. Meanwhile, crypto investment products tied to XRP and HYPE attracted fresh capital — a clear divergence in where investors were putting their money.
The scale of the Bitcoin ETF bleed
The $315.84 million pulled from Bitcoin ETFs during that five-day stretch marked a significant capital exit. That’s more than twenty times the outflows seen from Ether funds in the same period.
Ether ETFs held up better
Ether ETFs lost $14.91 million — still red, but a fraction of Bitcoin’s exodus. The numbers suggest that while both flagship crypto products saw withdrawals, Ether holders were less eager to cash out.
XRP and HYPE buck the trend
XRP and HYPE-related products broke the pattern, logging net inflows. The data doesn’t specify exact dollar amounts for those positions, but the direction is clear: capital rotated into altcoin-linked vehicles even as Bitcoin and Ether funds bled.
These figures come from a year ago, but they illustrate how quickly investor appetite can fragment. Even during a down week for the two largest crypto ETFs, niche products managed to attract new money.
