WuBlockchain
Spot Bitcoin ETFs recorded a combined net outflow of $231 million on June 29, while spot Ether ETFs shed $30 million on the same session, according to SoSoValue data. The wide gap in dollar terms reflects the maturity difference between the two fund complexes.
Why it matters
Ark Invest and 21Shares' ARKB bucked the broader Bitcoin bleed, posting the largest single-day net inflow at $49.969 million. On the Ether side, BlackRock's ETHA registered $5.869 million of inflows against the broader $30 million complex outflow, signaling that institutional preference for the largest issuers remains intact even when the asset class is being sold.
Market impact
The prints extend a multi-week trend of uneven flows, with the ETH complex giving back ground it held earlier in the year against the BTC complex. Weekend sessions typically print lighter volumes, and a single-day outflow read in this range does not yet signal a structural reversal in institutional demand. Watch for Monday's settlement print and a sustained multi-day stretch above $300 million in net outflows before treating this as trend.
Frequently asked questions
-
How much did spot Bitcoin and Ether ETFs shed on June 29?
Spot Bitcoin ETFs recorded a combined net outflow of $231 million, while spot Ether ETFs shed $30 million on the same session, according to SoSoValue data.
-
Which Bitcoin ETF took in inflows while the complex bled?
Ark Invest and 21Shares' ARKB posted the largest single-day net inflow at $49.969 million, bucking the broader Bitcoin complex outflow.
-
How did BlackRock's Ether ETF perform on the day?
BlackRock's ETHA added $5.869 million in inflows even as the broader ETH complex posted a $30 million net outflow, indicating institutional preference for the largest issuers held.
-
Do weekend ETF flows signal a structural reversal in demand?
Weekend sessions typically print lighter volumes, and a one-day outflow in this range has not historically marked trend reversals. Sustained multi-day outflows above $300 million would be a stronger signal.
-
What should investors watch next after the June 29 prints?
The next session's settlement print and any extension of outflows across consecutive trading days are the cleanest read on whether institutional demand is cooling or just churning positions.
Crypto Rank News
CoinDesk
TheBlock
CryptoSlate
CoinTelegraph