Bitcoin ETFs See 11th Consecutive Day of Outflows as BlackRock's IBIT Loses $440M
By
Emmanuel Musa
2h ago· 3 min readenNews
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Summary
Crypto ETF flows started June negatively, with Bitcoin ETFs losing $483.76 million on Monday alone, marking 11 consecutive days of outflows. BlackRock's IBIT shed $440 million as part of this trend. Ether ETFs also extended their outflow streak to 15 trading days. However, XRP and HYPE ETFs attracted fresh capital ($4.1M for XRP), indicating selective investor interest beyond the largest crypto assets. Combined Bitcoin and Ether fund outflows reached $528 million.
Key quotes
· 3 pulledCrypto exchange-traded fund (ETF) flows opened June on a defensive note, with bitcoin funds losing nearly half a billion dollars and ether products extending their outflow streak to 15 trading days.
XRP and HYPE ETFs again attracted fresh capital, showing that investors are still making selective bets beyond the largest crypto assets.
Bitcoin ETFs remained at the center of the selloff on Monday, as investors pulled $483.76 million from the category.
Crypto ETFs opened June on a defensive note, with BTC funds losing nearly half a billion dollars and ether ETFs extending their outflow streak
