Investors Pull $2.5B From Bitcoin and Ethereum ETFs

US-traded spot Bitcoin ETFs recorded nearly $2.3 billion of net outflows through June 18, while spot Ethereum ETFs posted roughly $200 million of withdrawals over the same period. Altcoin-focused ETFs collectively saw about $74 million of inflows, with Hyperliquid HYPE products receiving about $50 million and XRP spot ETFs about $24 million. Solana ETFs posted approximately $3.4 million in outflows.

Flow data show Bitcoin ETF products registered negative flows in 11 of 14 trading sessions in June through June 18. On June 18, Bitcoin ETFs had an outflow of $90.7 million and Ethereum ETFs had an outflow of $12.8 million. Market participants track these brokerage-account flows because they settle through regulated custody and settlement systems and can affect price over weekly timeframes.

Flow tables listing HYPE products include multiple tickers that began trading in mid-May. Cumulative inflows into the HYPE category totaled about $189 million through June 18, while the $50 million figure refers to net inflows recorded in June. The HYPE product group includes funds that offer staking exposure and links to on-chain derivatives infrastructure and has fewer than 25 trading sessions in the sample period.

XRP spot ETFs added $10.6 million in the June 14–18 trading week, bringing cumulative inflows since launch to roughly $1.5 billion and total net assets across the category to about $995 million. Aggregated data show the category had two negative weeks since mid-March while Bitcoin and Ethereum products experienced outflows during parts of that stretch.

On June 17, the Federal Reserve left its target policy range at 3.50% to 3.75% and described inflation as elevated relative to its 2% goal. Market participants cited the sustained level of short-term yields as a factor that can raise the opportunity cost of holding volatile crypto exposure in brokerage accounts.

A bank research estimate cited by market participants put spot Bitcoin ETF flows as accounting for about 45% of weekly Bitcoin price moves; the estimate was presented as directional and not independently verified. The June session flow pattern shows outflows concentrated at the largest products rather than broad inflows into smaller ETF categories.

Fund managers and flow tables note that HYPE products began trading in mid-May and remain thinly capitalized relative to the largest spot crypto ETFs. XRP funds have accumulated modest recurring additions but total net assets in the category remain below $1 billion. Smaller asset bases mean that large single-week redemptions could significantly change net flows for those categories.

Whether the June inflows to HYPE and XRP continue will be visible in subsequent weekly flow data and in any return of positive weekly flows to Bitcoin and Ethereum spot ETFs. Future reports will show whether inflows to smaller categories expand, hold steady or reverse as larger products adjust to market and macro conditions.