ETF outflows extend to a fourth consecutive day. On June 23, spot Bitcoin ETFs recorded $114 million in net outflows, while spot Ethereum ETFs saw $82.35 million leave the funds.
According to Farside Investors data, decreased investor risk appetite drove this trend.
Why ETF outflows extend across Bitcoin and Ethereum
BlackRock’s IBIT fund, one of the sector’s largest, experienced a net outflow of approximately $182 million in a single day. This reflects invest or profit‑taking and risk reduction trends. Nevertheless, the fund′s historical total net inflow remains at $61.7 billion.
On the other hand, the ARKB fund (a partnership between Ark Invest and 21Shares) was the strongest performer of the day with a net inflow of $30.98 million. Similarly, Fidelity′s FBTC fund also stood out positively, recording inflows of $23.04 million. Therefore, FBTC’s total net inflow to date has exceeded $10.5 billion.
Ethereum ETFs show mixed performance
On the Ethereum side, BlackRock’s ETHA fund was the biggest loser of the day with a net outflow of $86.07million . In contrast, Fidelity′s FETH fund managed to attract a net inflow of $15.69 million. Consequently, FETH’s total historical net inflows reached $2.12 billion, while ETHA′s total net inflows stood at $11.16 billion.
Total assets under management
According to the data, the total net asset value of spot Bitcoin ETFs has reached $77.54 billion. This figure corresponds to approximately 6.19% of Bitcoin’s total market capitalization.
The total net asset value of spot Ethereum ETFs stands at $8.96 billion. Specifically, Ethereum ETFs account for 4.46% of the total market capitalization.
Analyst outlook
Analysts note that the outflows over the past four days reflect a cautious stance among investors. Therefore, ETF flows will remain a critical indicator for the direction of Bitcoin and Ethereum prices in the coming period.
