PiCK
US Spot Bitcoin ETFs See $316 Million in Outflows, Extending Streak to Five Weeks; Ether ETFs Also Post Redemptions
Summary
- US spot Bitcoin ETFs posted $316 million in net outflows for a fifth straight week.
- Spot Ether ETFs also extended their run of outflows, posting $14.91 million in net outflows for a fifth consecutive week.
- Spot Solana, XRP and Hyperliquid ETFs recorded $2.58 million in net outflows, and $10.68 million and $5.87 million in net inflows, respectively.
US spot Bitcoin exchange-traded funds posted net outflows for a fifth straight week.
Data cited by Wu Blockchain from SoSoValue showed US spot Bitcoin ETFs recorded total net outflows of $316 million in the week of June 8-12.
The latest figures extended the streak of weekly net outflows to five. Recent macroeconomic uncertainty and weaker appetite for risk assets appear to have weighed on institutional fund flows.
US spot Ether ETFs also posted net outflows of $14.91 million over the same period, marking a fifth consecutive week of redemptions.
Some altcoin ETFs showed mixed flows. Spot Solana ETFs recorded net outflows of $2.58 million, while spot XRP ETFs posted net inflows of $10.68 million.
Spot Hyperliquid ETFs also attracted $5.87 million in net inflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
