Bitcoin exchange-traded funds bled $1.72 billion in the week ending June 5, the second-largest outflow since the products launched. The withdrawals mark a fourth consecutive week of redemptions for Bitcoin funds, with pressure persisting across crypto ETF categories. Combined losses for Bitcoin and Ether ETFs totaled $1.89 billion over the same period.
Fourth straight week of Bitcoin outflows
Data covering June 1 through June 5 shows Bitcoin ETF flows staying firmly negative. The $1.72 billion figure is only exceeded by a single earlier week in the product line's history. The streak of four weekly withdrawals signals sustained selling pressure rather than a one-off rotation.
Ether ETFs join the red
Ether funds also ended the period deeply in the red, contributing to the combined $1.89 billion loss. Unlike Bitcoin, Ether ETFs had seen intermittent positive weeks earlier this year, but the June 1-5 window snapped that pattern. No specific catalyst was cited in the flow data, but the broad-based nature of the outflows suggests macro or sentiment-driven selling.
HYPE and XRP provide a bright spot
Not every crypto ETF bled. HYPE and XRP funds drew net inflows during the same June 1-5 stretch, bucking the broader trend. The inflows weren't large enough to offset the Bitcoin and Ether losses, but they show selective demand for altcoin exposure.
Solana ETFs reverse course
Solana ETFs, which had recorded inflows in prior weeks, slipped back into redemptions over the period. The reversal erased some of the recent gains for that product category, though total outflows remained smaller than those seen in Bitcoin and Ether.
The question now is whether the outflow streak will extend into a fifth week when next week's data lands. With no macro event or regulatory shift announced during the period, the selling may reflect position-squaring or a wait-and-see mood ahead of the next Fed meeting.
