BlackRock’s iShares Bitcoin Trust (IBIT) suffered a $96.7 million net outflow on June 18, driving a cumulative $90.7 million withdrawal from U.S. spot Bitcoin exchange‑traded funds.
Bitcoin ETF Outflows
Data from June 18 shows that U.S. spot Bitcoin ETFs recorded net outflows for the second day in a row, signaling a short‑term dip in institutional investor appetite. Apart from IBIT’s $96.7 million loss, VanEck’s HODL ETF saw a $4.4 million outflow, while Morgan Stanley‑backed MSBT fund managed a modest $10.4 million inflow that failed to offset the overall decline.
Ethereum ETF Outflows
Spot Ethereum ETFs mirrored the Bitcoin trend, posting a $12.8 million net outflow on the same trading day. The entire withdrawal originated from BlackRock’s ETHA fund, with no other Ethereum‑focused ETFs registering notable inflows or outflows.
Investor Sentiment and Market Outlook
The consecutive outflows across both Bitcoin and Ethereum products suggest a temporary cooling among investors navigating the crypto market. Analysts interpret the data as an early warning that institutional confidence in blockchain‑based assets may be waning, potentially influencing price dynamics in the broader crypto ecosystem.