Bitcoin ETFs See $129 Million Outflow Amid Uncertainty Ethereum ETFs Gain $281 Million

Bitcoin ETFs experienced a net outflow of $129 million from June 2 to June 6, with Fidelity’s FBTC leading the retreat with $168 million in redemptions. This outflow was attributed to rising macroeconomic uncertainty and traders locking in profits ahead of inflation-related data. Concerns over near-term price resistance also weighed on sentiment, with Bitcoin facing resistance at $106,265. The price of Bitcoin rebounded 4.7% to $106,263, but the market remains cautious due to the technical setup and the impact of upcoming token unlocks.

In contrast, Ethereum ETFs recorded net inflows totaling $281 million during the same period, marking their fourth consecutive week of gains. All nine spot Ethereum ETFs registered positive inflows, reflecting growing institutional interest in the Ethereum ecosystem. Investors appear to be rotating funds from Bitcoin to Ethereum, seeking opportunities amid Ethereum’s growing use in decentralized finance (DeFi) and staking. The market reacted favorably to clarity around Ethereum’s ETF approval path and expectations for better yield-related structures. Unlike Bitcoin ETFs, Ethereum ETFs showed no signs of outflow pressure during the same period.

The coming week will witness significant token unlocks exceeding $341 million in total. One-time unlocks include APT, STRK, IMX, SEI, and MOVE, while daily unlocks from tokens like SOL, WLD, and AVAX may add sell pressure. These unlocks can impact short-term liquidity and increase volatility across altcoins. Analysts suggest close monitoring of large-cap tokens like SOL and DOT during this period. The contrast between Bitcoin ETF outflows and Ethereum ETF inflows highlights a diverging investor approach, with Ethereum gaining momentum as investors rotate funds from Bitcoin.

Market participants will closely track the $341 million worth of token unlocks this week. Liquidity shifts may impact prices and influence near-term strategies across major crypto assets. Bitcoin’s technical setup presents a potential breakout or breakdown scenario, contingent on broader sentiment and ETF fund movement. A sustained breakout above $106,265 could renew bullish momentum for Bitcoin. Conversely, failure to hold key supports could lead to sharper declines. As capital rotation continues between Bitcoin and Ethereum ETFs, and major unlocks enter circulation, traders remain alert to rapid market developments.