US spot Bitcoin and Ethereum ETFs recorded a combined $102 million in net outflows on June 18, interrupting a brief period of positive inflows and signaling shifting institutional sentiment.
Bitcoin products absorbed the majority of redemptions, with approximately $90.7 million exiting these funds according to Farside data. This single-day loss follows a record 13-day outflow streak that ended June 5 after draining roughly $4.4 billion from Bitcoin ETFs.
Ethereum ETFs experienced $12.77 million in net outflows, equating to a reduction of approximately 7,320 ETH. BlackRock’s iShares Ethereum Trust (ETHA) accounted for nearly all Ethereum-side losses. Ether traded near $1,700 while Bitcoin ranged between $62,000 and $64,000 during the session.
Despite cumulative net inflows for Bitcoin ETFs surpassing $53 billion by mid-June, the market remains volatile. Major issuers including BlackRock, Grayscale, and Fidelity continue to dominate the landscape as investors increasingly explore altcoin ETFs tracking assets like XRP and Solana.
Significant daily outflows force ETF issuers to liquidate underlying holdings to meet redemptions, creating direct selling pressure in spot markets. The prior $4.4 billion outflow streak demonstrated how sustained institutional withdrawals can materially impact cryptocurrency valuations.