Bitcoin ETFs recorded $68.18 million in net outflows on June 22, driven by large redemptions from Blackrock's IBIT and Grayscale's GBTC despite inflows totaling over $184 million across six other products. The negative net flow resulted from IBIT's $171.96 million exit and GBTC's $80.96 million withdrawal, which overwhelmed gains led by Ark & 21Shares' ARKB at $64 million and Fidelity's FBTC at $57.38 million. The session reflected ongoing institutional interest in select products while concentrated selling in the two largest funds determined the category's overall direction.
ARKB and FBTC Lead Bitcoin ETF Inflows With $121M Combined
Ark & 21Shares' ARKB drew $64 million in inflows on June 22, the largest single-product gain of the session. Fidelity's FBTC followed with $57.38 million. Grayscale's Bitcoin Mini Trust added $48.14 million, while Morgan Stanley's MSBT brought in $8.11 million. Franklin's EZBC added $3.72 million, and Wisdomtree's BTCW drew $3.40 million. Total bitcoin ETF value traded reached $1.87 billion, with total net assets closing at $80.22 billion.
IBIT and GBTC Drive $253M in Redemptions
Blackrock's IBIT recorded a $171.96 million outflow on June 22, the largest single-fund exit of the day. Grayscale's GBTC lost $80.96 million. These two redemptions totaled $252.92 million, erasing the $184.75 million in combined inflows across the six positive-flow products and leaving the bitcoin ETF category with a net outflow of $68.18 million.
Ether ETFs Record $66.38M Outflow on June 22
Ether ETFs posted $66.38 million in net outflows on June 22, with Blackrock's ETHA accounting for nearly all of the exit. 21Shares' TETH recorded a small inflow of $346,070. Total ether ETF value traded stood at $433.10 million, and net assets closed at $9.44 billion.
XRP ETFs Add $5.31M Through Bitwise Product
XRP ETFs recorded $5.31 million in net inflows on June 22, entirely through Bitwise's XRP product. Total value traded was $15.05 million, while net assets closed at $993.29 million. Solana ETFs saw no trading activity, with net assets ending the session at $836.09 million. HYPE ETFs also recorded no flows, with net assets closing at $219.58 million.
FAQ
What caused Bitcoin ETFs to lose $68M on June 22?
Bitcoin ETFs recorded $68.18 million in net outflows on June 22 because Blackrock's IBIT saw a $171.96 million exit and Grayscale's GBTC lost $80.96 million, which overwhelmed $184.75 million in inflows across six other products including ARKB, FBTC, and Bitcoin Mini Trust.
Which Bitcoin ETFs had the largest inflows on June 22?
Ark & 21Shares' ARKB led with $64 million in inflows, followed by Fidelity's FBTC with $57.38 million and Grayscale's Bitcoin Mini Trust with $48.14 million on June 22.
How did XRP ETFs perform on June 22?
XRP ETFs added $5.31 million in net inflows on June 22, entirely through Bitwise's XRP product, with total value traded at $15.05 million and net assets closing at $993.29 million.
