Ether exchange-traded funds pulled in $82.37 million on Monday, while bitcoin ETFs posted $91.37 million in net outflows — a divergence driven largely by a $233 million exit from BlackRock's iShares Bitcoin Trust (IBIT). The numbers, covering June 8, mark one of the sharper single-day rotations between the two largest crypto asset classes this quarter.
The IBIT drag
Bitcoin ETFs actually showed broad demand across most products, but that was completely reversed by IBIT's single $233 million redemption. The fund — the largest bitcoin ETF by assets under management — saw its biggest daily outflow in weeks. The rest of the bitcoin ETF lineup collectively posted net inflows, but they weren't enough to offset the IBIT pull. The timing isn't great: bitcoin's price has been under pressure lately, and a large redemption from the market leader tends to amplify bearish sentiment.
Ether funds hold their ground
Ether ETFs, by contrast, attracted $82.37 million across all products. No single fund dominated the inflows; the money was spread relatively evenly. That suggests a broader shift in investor preference rather than a one-off large trade. Ether has been outperforming bitcoin on relative strength in recent weeks, and the flow data reinforces that narrative.
HYPE returns to positive flows
The HYPE fund, which had seen mixed inflows in prior sessions, returned to positive territory on Monday. The exact amount wasn't broken out in the data, but the shift signals renewed interest from institutional allocators after a brief pause. Solana's ETF, meanwhile, registered a small exit — not enough to raise alarms but notable given Solana's generally strong flow streak this year.
XRP ETFs: a quiet day
XRP ETFs saw zero trading activity on Monday. That's unusual for a product that typically sees at least some churn, even on slow days. Whether it's a one-off lull or a sign of fading interest remains an open question. The next few sessions will tell.
