WuBlockchain
Spot Bitcoin ETFs recorded $1.79 billion in net outflows last week, the third-largest weekly withdrawal on record, according to data covering June 22 to June 26. Spot Ethereum ETFs shed $273 million over the same stretch, extending their outflow streak to seven consecutive weeks.
Why it matters
Two consecutive weeks of nine-figure BTC ETF redemptions have now erased a meaningful slice of the institutional bid that built up through Q1. ETH's seven-week outflow streak is the more telling structural signal: allocators who once paired BTC and ETH exposure are now quietly trimming the ETH leg while keeping, or adding to, BTC.
Market impact
The only green on the tape came from the newer altcoin wrappers. Spot XRP ETFs pulled in $22.99 million in net inflows, and spot HYPE ETFs booked $111 million in their first real week of meaningful flow. The rotation away from BTC and ETH into single-name altcoin ETFs is small in absolute terms, but it is the first signal in months that institutional appetite is fragmenting rather than concentrating in the two majors.
Frequently asked questions
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How much did spot Bitcoin ETFs lose last week?
Spot Bitcoin ETFs recorded $1.79 billion in net outflows between June 22 and June 26, the third-largest weekly withdrawal on record.
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Are spot Ethereum ETFs also seeing outflows?
Yes. Spot Ethereum ETFs shed $273 million during the same week, extending their outflow streak to seven consecutive weeks.
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Which spot ETFs actually saw inflows?
Spot XRP ETFs pulled in $22.99 million, and spot HYPE ETFs booked $111 million in their first meaningful week of flow. The BTC and ETH wrappers bled capital.
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Why is ETH's outflow streak more telling than BTC's weekly figure?
Seven straight weeks of redemptions shows a structural trim rather than a one-week reaction. Allocators are quietly cutting ETH exposure while keeping or adding BTC.
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Does this mean institutions are leaving crypto entirely?
Not necessarily. The small inflows into XRP and HYPE ETFs suggest the bid is rotating into single-name altcoin products rather than exiting the asset class entirely.
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