Lookonchain
Spot Bitcoin ETFs bled 1,947 BTC (roughly $139.4M) on June 1, the heaviest single-day outflow in weeks and the seventh straight negative session. The seven-day cumulative netflow now sits at -19,351 BTC, or about -$1.39B — the worst stretch for US spot BTC products since the post-launch unwind earlier this year.
Why it matters
Spot Ethereum ETFs moved in lockstep, shedding 27,948 ETH (around $55M) on the day. The seven-day cumulative is -125,288 ETH, or roughly -$246.6M. The synchronized BTC + ETH outflow is the story: institutional desks are trimming both majors at once rather than rotating between them, which is the pattern that signals portfolio-level de-risking rather than a single-asset rebalance.
Market impact
The only counterweight sits in Solana: spot SOL ETFs pulled in another +15,902 SOL (about +$1.27M) for a third straight net-positive day, taking the seven-day cumulative to +35,374 SOL (+$2.82M). The SOL inflow is still small in absolute terms next to BTC and ETH, but the divergence — majors bleeding, SOL quietly accumulating — is the kind of split that tends to get louder if BTC outflows persist into next week.
Frequently asked questions
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How much did spot Bitcoin ETFs lose on June 1?
Spot Bitcoin ETFs recorded a net outflow of 1,947 BTC, worth roughly $139.4 million, on June 1 — the seventh consecutive negative session and the heaviest single-day outflow in recent weeks.
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What is the seven-day cumulative netflow for spot BTC ETFs?
Over the prior seven days, spot Bitcoin ETFs shed a cumulative 19,351 BTC, worth about $1.39 billion — the worst stretch for US spot BTC products since the post-launch unwind earlier this year.
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Did spot Ethereum ETFs also see outflows on June 1?
Yes. Spot Ethereum ETFs shed 27,948 ETH, around $55 million, on June 1, taking the seven-day cumulative outflow to 125,288 ETH, or roughly $246.6 million.
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Why is the BTC and ETH outflow happening at the same time?
When both majors bleed on the same day and across the same week, it usually signals portfolio-level de-risking by institutional desks rather than a rotation between BTC and ETH within the same book.
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Did Solana ETFs see inflows while BTC and ETH ETFs bled?
Yes. Spot Solana ETFs pulled in 15,902 SOL (about $1.27 million) on June 1, marking a third straight net-positive day and bringing the seven-day cumulative to +35,374 SOL (+$2.82 million).
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