Lookonchain
Spot Bitcoin ETFs bled 781 BTC, roughly $48.59M, on June 23, extending a seven-day outflow streak that has now drained 5,722 BTC, around $355.97M, from the complex. Spot Ethereum ETFs bled harder in percentage terms: 38,473 ETH, or $63.6M, left the wrappers in a single day, taking the seven-day total to 53,008 ETH ($87.62M).
Why it matters
The one-day BTC print is uncomfortable but not unprecedented. The seven-day figure is the signal: a sustained $356M drain from the wrappers over five sessions marks the largest rolling-week outflow since launch, a clean reversal from the first-quarter bid that defined the ETF complex.
Market impact
Ether's relative underperformance is the more striking beat. ETH funds have now given back roughly $87.62M in a week against BTC's $355.97M, and the ETH-to-BTC outflow ratio (1 ETH for every ~10 BTC in absolute token count, but 1.5x more in dollar terms) shows institutional positioning is rotating out of ETH exposure at a faster clip than BTC. Watch the next session: another red day at this scale puts the BTC complex on track for its worst monthly net flow since January.
Frequently asked questions
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How much did spot Bitcoin ETFs lose on June 23?
Spot Bitcoin ETFs shed a net 781 BTC, roughly $48.59M, on June 23, extending a seven-day outflow streak that has now drained 5,722 BTC (~$355.97M) from the complex.
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How much did spot Ethereum ETFs lose on the same day?
Spot Ethereum ETFs lost 38,473 ETH, around $63.6M, in a single session on June 23, taking the seven-day outflow total to 53,008 ETH ($87.62M).
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Is this the worst ETF outflow streak since launch?
Yes. The seven-day cumulative outflow of 5,722 BTC (~$355.97M) is the largest rolling-week net drain for spot Bitcoin ETFs since they began trading.
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Are ETH ETFs bleeding faster than BTC ETFs?
On a dollar basis, BTC ETFs have lost more in absolute terms, but the ETH-to-BTC outflow skew shows institutional positioning rotating out of ETH exposure at a faster relative clip.
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What happens if outflows continue at this pace?
Another red session at this scale would put the BTC ETF complex on track for its worst monthly net flow since January, signalling a clean reversal from the first-quarter institutional bid.
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