Bitcoin and Ethereum ETF outflows hit $2.5B in June

US spot Bitcoin and Ethereum ETFs saw heavy withdrawals through June 18, a sign that regulated crypto demand stayed weak even as a few smaller products kept attracting buyers. Bitcoin ETFs lost nearly $2.3 billion in June and Ethereum ETFs lost about $200 million, for a combined $2.5 billion.

That selling dwarfed the money going into altcoin funds. Hyperliquid ETF products brought in about $50 million during the month, XRP ETFs added roughly $24 million, and Solana products saw $3.4 million in net outflows. Total altcoin inflows were about $74 million, less than 3% of the money that left Bitcoin and Ethereum ETFs over the same period.

The split matters because it argues against a broad rotation out of BTC and ETH into smaller tokens. Bitcoin ETF outflows exceeded June inflows into Hyperliquid products by about 46 to 1, and XRP inflows by about 96 to 1.

Still, the pockets of demand were notable. Farside data showed cumulative inflows into Hyperliquid ETFs at about $189 million through June 18, even though the category only began trading in mid-May. SoSoValue data showed XRP ETFs added $10.6 million in the June 14-18 week, with cumulative inflows near $1.5 billion and total net assets around $995 million.