Bitcoin exchange-traded funds (ETFs) saw a second consecutive day of net outflows, shedding $48 million despite inflows across five funds, dragged down by a large exit from Blackrockโs IBIT. Meanwhile, ether ETFs celebrated a milestone 15th straight day of net inflows.
Bitcoin ETFs Post Second Day of Outflows as Ether ETFs Mark 3 Weeks of Inflows
The bulls showed up across much of the U.S. spotย bitcoinย ETFs, but it was not enough to stop a Blackrock-sized exodus. Despite fiveย bitcoinย ETFs recording inflows, a $130.49 million outflow from Blackrockโsย IBITย dominated the day, resulting in a $47.82 million net outflow overall.
Bitwiseโs BITB led the inflow charge with a solid $31.81 million, while Fidelityโs FBTC brought in $22.77 million. Ark 21sharesโ ARKB added $11.45 million, with Grayscaleโs Bitcoin Mini Trust and Vaneckโs HODL chipping in $9.24 million and $7.38 million, respectively. But with IBITโs drag, the dayโs tone turned red.
Still, interest remained high. The total value traded came in at $2.67 billion, and net assets settled at $125.58 billion.
Etherย ETFs, however, continued to ride a wave of investor confidence. Friday, June 6, marked the 15th straight day of net inflows, with $25.22 million added across two major funds. Blackrockโs ETHA contributed $15.86 million, and Grayscaleโs Ether Mini Trust followed with $9.37 million.
Total trading volume inย etherย ETFs reached $339.49 million, with net assets holding steady at $9.40 billion. For ether exposure, the flow remains decisively green.