Blackrock IBIT Sheds $440M as Bitcoin ETF Outflows Reach 11 Days

XRP ETFs Add $4.1M as Bitcoin and Ether Funds Lose $528M Combined

June began with the same pressure that closed out May. Bitcoin ETFs remained at the center of the selloff on Monday, as investors pulled $483.76 million from the category. It was the 11th consecutive day of outflows, a run that has turned what once looked like routine rebalancing into a broader test of conviction.

Blackrock’s IBIT again carried the heaviest burden, posting a $440.29 million outflow. Fidelity’s FBTC lost $37.29 million, while Ark & 21Shares’ ARKB saw $12.32 million leave the fund.

There was one exception. Morgan Stanley’s MSBT drew $6.14 million in inflows. But against the scale of the broader withdrawals, it was little more than a brief countercurrent. Bitcoin ETF value traded reached $2.96 billion, while total net assets closed at $91.16 billion.

Ether ETFs also remained under pressure. The group posted $44.44 million in net outflows, marking its 15th straight day in negative territory. The withdrawals were concentrated in two funds.

Blackrock’s ETHA saw $34.97 million leave, while Fidelity’s FETH recorded a $9.47 million exit. Total ether ETF value traded stood at $700.19 million, with net assets closing at $11.14 billion.

The tone was different in parts of the altcoin market.

XRP ETFs added $4.13 million, with the entire inflow going into Canary’s XRPC. Total value traded was $14.80 million, and net assets closed at $1.11 billion.

HYPE ETFs also stayed positive, drawing $1.28 million through 21Shares’ THYP. Total value traded reached $60.42 million, while net assets climbed to $185.22 million. Solana ETFs saw no trading activity, as net assets ended the session at $931.56 million.

The split between large-cap outflows and altcoin inflows is becoming harder to dismiss. Can-Luca Köymen, investment strategist at Sygnum Bank, said the headline numbers mask a more nuanced market. Selected altcoins and crypto sectors, he noted, are moving on their own catalysts, including protocol revenue, buyback mechanics, and exposure to growth areas such as tokenised real-world assets and prediction markets.

Köymen pointed to Hyperliquid ETF inflows as the clearest example. They arrived during a period of historically weak bitcoin ETF flows, suggesting that institutional allocators are no longer treating crypto as a single trade.

For investors, that distinction matters. Köymen said the recent weakness in bitcoin ETF demand may reflect a short-term positioning reset rather than a structural decline in institutional interest. If macro conditions stabilize, especially around yields, the dollar, and geopolitical risk, bitcoin flows could rebound quickly.

Monday’s flows still left the market tilted toward caution, with bitcoin and ether ETFs losing a combined $528.20 million. But continued inflows into XRP and HYPE products suggest institutional demand is not disappearing. It is becoming more selective, more segmented, and, perhaps, more mature.