Bitcoin and Ethereum ETFs see $102M outflows, led by BlackRock's Ethereum trust on June 18
On June 18, Bitcoin and Ethereum spot ETFs experienced a combined net outflow of over $102 million, with Bitcoin ETFs losing about $90.7 million and Ethereum ETFs $12.77 million. BlackRock's iShares Ethereum Trust was the main contributor to Ethereum's outflows. This sell-off follows a recent end to a long Bitcoin ETF outflow streak that drained $4.4 billion, highlighting ongoing volatility and cautious institutional interest in crypto ETFs. Investors are also showing growing interest in altcoin ETFs like XRP and Solana as alternatives to Bitcoin and Ethereum.
On June 18, Bitcoin and Ethereum spot ETFs experienced a combined net outflow of over $102 million, with Bitcoin ETFs losing about $90.7 million and Ethereum ETFs $12.77 million. BlackRock's iShares Ethereum Trust was the main contributor to Ethereum's outflows. This sell-off follows a recent end to a long Bitcoin ETF outflow streak that drained $4.4 billion, highlighting ongoing volatility and cautious institutional interest in crypto ETFs. Investors are also showing growing interest in altcoin ETFs like XRP and Solana as alternatives to Bitcoin and Ethereum.
What's Your Reaction?
:max_bytes(150000):strip_icc()/GettyImages-2187410260-5afe56694791404f99c253dd8d5abe6a.jpg?#)
