U.S. spot crypto exchange-traded funds recorded $777.5 million in combined net outflows on June 25, driven by accelerated redemptions across Bitcoin products and extended selling pressure in Ether and Solana funds. Spot Bitcoin ETFs posted $691.7 million in net outflows, deepening from $469.0 million in redemptions on June 24, while Ether ETFs lost $81.9 million and Solana ETFs shed $3.9 million. The outflows reflected broadening institutional risk reduction, with Fidelity's FBTC recording the largest single-fund redemption at $274.5 million and BlackRock's IBIT losing $265.7 million. ETF flows have become a closely watched indicator of institutional and adviser demand for digital assets, with persistent inflows suggesting long-term accumulation and broad redemptions signaling risk reduction through regulated brokerage products.
Bitcoin ETF Redemptions Broaden Further
The June 25 data showed that Bitcoin ETF selling had become broader and more aggressive than earlier in the week. On June 23, Bitcoin funds lost $113.8 million, with redemptions largely concentrated in IBIT. By June 24 and June 25, outflows had spread across several major issuers, including BlackRock, Fidelity, ARK, Invesco, Bitwise, Franklin Templeton and VanEck.
BlackRock's IBIT led the decline on June 25 with $265.7 million in outflows. Fidelity's FBTC lost $274.5 million, the largest single-fund redemption of the day. ARK 21Shares' ARKB shed $82.1 million, Invesco's BTCO lost $53.0 million, VanEck's HODL saw $11.7 million in withdrawals, Bitwise's BITB lost $7.1 million and Franklin Templeton's EZBC posted $6.8 million in outflows. MSBT was the only Bitcoin fund to attract capital, adding $9.2 million. Valkyrie's BRRR, WisdomTree's BTCW, Grayscale's GBTC and Grayscale's BTC were flat.
Over the three trading days from June 23 through June 25, spot Bitcoin ETFs lost $1.2745 billion. The scale of Fidelity's $274.5 million outflow was particularly notable because FBTC had absorbed inflows earlier in the week, including $23.0 million on June 23.
Ether and Solana Funds Also Turn Negative
Ether ETFs remained under pressure, extending a weak run that began on June 22. From June 22 through June 25, Ether funds recorded $260.7 million in cumulative outflows. BlackRock's ETHA accounted for most of the pressure on June 25 with $63.0 million in redemptions. Grayscale's ETHE lost $8.1 million, Grayscale's ETH shed $5.5 million, Fidelity's FETH lost $3.5 million and ETHB posted $2.4 million in outflows. Bitwise's ETHW was the only positive Ether fund, adding $0.6 million, while TETH, ETHV, QETH and EZET were flat.
BlackRock's ETHA has been the main driver of recent weakness, losing $86.1 million on June 23, $8.1 million on June 24 and $63.0 million on June 25.
Solana ETFs recorded $3.9 million in outflows on June 25, entirely from Bitwise's BSOL, with VSOL, FSOL, TSOL, SOEZ and GSOL unchanged.
FAQ
How much did crypto ETFs lose on June 25?
U.S. spot crypto exchange-traded funds recorded $777.5 million in combined net outflows on June 25. Spot Bitcoin ETFs posted $691.7 million in net outflows, Ether ETFs lost $81.9 million and Solana ETFs shed $3.9 million.
Which Bitcoin ETF had the largest outflow on June 25?
Fidelity's FBTC recorded the largest single-fund redemption at $274.5 million on June 25. BlackRock's IBIT followed with $265.7 million in outflows.
How much did Bitcoin ETFs lose over three days from June 23 to June 25?
Over the three trading days from June 23 through June 25, spot Bitcoin ETFs lost $1.2745 billion in combined net outflows.
