Bitcoin ETFs bleed $445M in a day as ETH funds shed $58M!

Spot Bitcoin ETFs recorded a single-day net outflow of 6,679 BTC — equivalent to $445.2 million — on June 3, extending a bruising seven-day run that has now drained 28,955 BTC ($1.93 billion) from the funds. Ethereum ETFs compounded the picture, shedding 31,294 ETH ($57.96 million) in the same session, with the seven-day tally reaching 169,251 ETH ($313.45 million) in net redemptions.

Why it matters

Back-to-back weeks of heavy outflows from both the BTC and ETH spot ETF complex signal that institutional allocators are actively reducing exposure rather than sitting on the sidelines. At $1.93 billion out of Bitcoin funds over seven days, this is not routine rebalancing — it is directional selling pressure from the very cohort that drove the post-approval inflow narrative. The scale of ETH redemptions relative to the fund's total AUM is proportionally even sharper, suggesting ETH is seeing faster rotation out than BTC.

Market impact

Solana ETFs bucked the trend with a modest $154K single-day inflow and $2.86 million over the week, but the numbers are too small to offset the macro signal from BTC and ETH. Watch whether Bitcoin ETF daily outflows stabilise or accelerate heading into the next session — a third consecutive week of net negative flow would mark the longest sustained redemption streak since the spot ETF launch era began.