Bitcoin ETFs See $346.8 Million Outflows Amid Market Volatility

Bitcoin ETFs have recently experienced significant outflows, with Fidelity and Grayscale leading the redemptions. This shift in investor sentiment comes amidst broader market volatility, as Bitcoin's price has retreated from its recent highs. On June 15, U.S. spot Bitcoin ETFs saw outflows amounting to $346.8 million, marking a stark reversal from the previous inflow streak that had brought in $4.26 billion over just ten days. Fidelity’s Wise Origin Bitcoin Fund (FBTC) and Grayscale’s GBTC were among the hardest hit, with outflows of $166 million and $107.5 million, respectively. Other funds, including those from Bitwise, Ark 21Shares, Invesco, Franklin Templeton, and VanEck, also witnessed substantial capital withdrawals.

Despite the overall negative trend, BlackRock’s iShares Bitcoin Trust (IBIT) stood out with net inflows of $125 million, extending its streak of inflows to 34 days. This performance has bolstered total inflows to nearly $49 billion, with assets under management surpassing $70 billion. This resilience from BlackRock indicates robust institutional confidence despite the broader market trends.

In contrast, Ethereum ETFs have continued to attract investor interest. On May 29, spot Ethereum ETFs successfully drew $92 million in net inflows. BlackRock’s iShares Ethereum Trust (ETHA) secured over $50 million in fresh inflows, marking a total of $4.5 billion since its launch in July 2024. This uptick in Ethereum ETFs coincides with broader market trends, as Bitcoin ETFs drew more than $9 billion over the past five weeks, highlighting a significant investor appetite amidst fluctuating asset performance.

The recent market correction, with Bitcoin’s price retreating from a high of $111K to approximately $105,615, appears to be influencing the shifting ETF dynamics. Analysts suggest that this shift is fueled by growing institutional participation, particularly after the approval of U.S. spot Bitcoin ETFs earlier this year. CryptoQuant founder Ji Young Ju noted a previously misjudged bear market prediction made in early 2025, which contrasted sharply with Bitcoin reaching a new all-time high shortly thereafter. He emphasized the transition as the Bitcoin market merges with traditional finance, signaling new liquidity sources and volume becoming more uncertain.

As the cryptocurrency landscape continues to evolve, the recent shifts in ETF inflows highlight significant changes in investor behavior. While Bitcoin struggles with outflows, Ethereum exhibits resilience and growth. This divergence may serve as a barometer for future market trends, particularly as institutional participation shapes the dynamics moving forward. The contrasting performance of Bitcoin and Ethereum ETFs underscores the evolving investor preferences within crypto assets as market conditions fluctuate.