Bitcoin and Ether ETFs Experience Significant Outflows
- Bitcoin ETFs lost $82.2 million on June 17, primarily due to outflows from ARKB and IBIT.
- Ether ETFs saw no inflows, with over $29 million exiting major funds.
- HYPE ETFs gained $2.1 million, led by Bitwise’s BHYP with $1.63 million.
- Solana ETFs attracted $1.06 million in inflows through Fidelity’s FSOL.
- Total bitcoin ETF value traded was $2.06 billion, while ether ETF value reached $546.09 million.
The cryptocurrency ETF market experienced volatility as major bitcoin and ether funds faced significant outflows, contrasting with modest gains in HYPE and Solana products, indicating selective investor interest in altcoins.
Despite substantial outflows from Bitcoin and Ether ETFs, the persistent demand for alternative options like HYPE and Solana suggests that investors are still exploring diverse crypto exposure strategies.(Source )
