BTC ETFs bleed $484M in a day as ETH outflows hit $290M for…

Spot Bitcoin ETFs recorded a net outflow of 7,042 BTC — roughly $483.59 million — on June 2, extending a seven-day bleed that now totals 25,914 BTC ($1.78 billion). The scale of the weekly figure signals sustained institutional de-risking rather than a one-session anomaly.

Why it matters

Ethereum ETFs are in worse shape on a proportional basis: a single-day outflow of 22,452 ETH ($44.23 million) compounds a seven-day total of 147,560 ETH ($290.69 million). That seven-day number represents persistent selling pressure across both of the two largest spot crypto ETF products in the US market simultaneously — a combination that historically correlates with broader risk-off rotation rather than asset-specific repositioning.

The lone bright spot is Solana, where ETF products posted a one-day inflow of 4,066 SOL ($321K) and a seven-day gain of 39,397 SOL ($3.11 million). The absolute dollar figures are small relative to BTC and ETH volumes, but the directional divergence is notable: capital is not leaving the crypto ETF complex uniformly.

Market impact

With BTC and ETH ETFs both in heavy net-negative territory over the trailing week, the near-term price read is cautious. Watch for whether the Solana inflow trend holds — if SOL ETF demand accelerates while BTC and ETH continue to bleed, it may reflect a rotation toward higher-beta assets rather than an outright exit from crypto exposure.