Key Takeaways
- Bitcoin ETFs lost $68.18M on June 22, with IBIT and GBTC driving the outflows.
- XRP ETFs gained $5.31M, showing selective demand as ether funds lost $66.38M.
- ARKB, FBTC, and MSBT drew inflows, hinting institutional interest remains active.
XRP ETFs Extend Winning Run With $5.3M Inflow as Bitcoin Funds Stay Weak
The week opened with a familiar tension in the crypto exchange-traded fund (ETF) market: investors were still willing to buy, but not enough to overcome large exits from the biggest funds.
Bitcoin ETFs posted $68.18 million in net outflows, though the headline number masked a more active and balanced session beneath the surface. Several products attracted meaningful capital, suggesting demand has not vanished.
Ark & 21Shares’ ARKB led the inflows with $64 million, followed by Fidelity’s FBTC with $57.38 million. Grayscale’s Bitcoin Mini Trust added $48.14 million, while Morgan Stanley’s MSBT brought in $8.11 million. Further inflows came from Franklin’s EZBC, which added $3.72 million, and Wisdomtree’s BTCW, which drew $3.40 million.
IBIT and GBTC Drag Bitcoin Funds Lower
The problem for bitcoin ETFs was concentration on the outflow side.
Blackrock’s IBIT saw a $171.96 million exit, while Grayscale’s GBTC lost $80.96 million. Those two redemptions were enough to erase the broader inflows across other issuers and leave the category negative for the day.
Total bitcoin ETF value traded reached $1.87 billion, while total net assets closed at $80.22 billion.
Ether ETFs also began the week under pressure. The category recorded $66.38 million in net outflows, with nearly all of the movement tied to Blackrock’s ETHA.
A small inflow of $346,070 went into 21Shares’ TETH, but it did little to offset the broader exit. Total ether ETF value traded stood at $433.10 million, and net assets closed at $9.44 billion.
XRP Stays Positive as Solana and HYPE Go Quiet
XRP ETFs offered the clearest positive flow of the day. The category added $5.31 million, entirely through Bitwise’s XRP product. Total value traded was $15.05 million, while net assets closed at $993.29 million.
Solana ETFs saw no trading activity, with net assets ending the session at $836.09 million. HYPE ETFs were also quiet after weeks of stronger demand. Net assets closed at $219.58 million.
Monday’s flows showed a market still caught between selective buying and large single-fund redemptions. Bitcoin demand was broad but overwhelmed by IBIT and GBTC exits, while ether remained weak and XRP continued to attract steady, targeted capital.
