BTC & ETH ETFs Bleed $1.6B in 7 Days as SOL Bucks the Trend

Spot Bitcoin and Ethereum ETFs posted heavy outflows on June 1, with Bitcoin products shedding 1,947 BTC ($139.42M) in a single day and 19,351 BTC ($1.39B) over the past seven days. Ethereum ETFs were hit even harder in proportional terms, losing 27,948 ETH ($55M) on the day and 125,288 ETH ($246.57M) across the week.

The combined seven-day bleed of roughly $1.6B across BTC and ETH products signals a sustained institutional retreat, not a one-day flush. When outflows persist across multiple sessions at this scale, it typically reflects portfolio-level de-risking rather than tactical rebalancing.

The one bright spot in the data is Solana. SOL ETFs recorded inflows of 15,902 SOL ($1.27M) on the day and 35,374 SOL ($2.82M) over the week — small in dollar terms relative to the BTC and ETH drawdowns, but notable as a directional divergence. Investors appear to be rotating appetite toward newer ETF products even as they pull back from the established majors.