Bitcoin ETF · Bitcoin · Bitcoin.com News
Bitcoin ETFs Lose $696 Million as Blackrock and Fidelity Lead Broad Crypto Selloff
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Crypto ETF flows deteriorated sharply on Thursday, June 25, as bitcoin ETFs posted a sixth straight day of outflows, with redemptions reaching $696 million.
Key facts
- The category posted $4.64 million in outflows, split between Bitwise’s BHYP with $2.82 million and 21Shares’ THYP with $1.82 million
- Grayscale’s ETHE lost $8.06 million, while the Grayscale Ether Mini Trust saw $5.48 million leave
- Fidelity’s FBTC led the losses with a $274.48 million outflow, narrowly ahead of Blackrock’s IBIT, which lost $265.68 million
- Total bitcoin ETF value traded reached $3.50 billion, while total net assets closed at $72.57 billion
Summary
Bitcoin ETFs lost $696.29M on June 25, with Fidelity and Blackrock leading outflows. Ether, HYPE, and solana ETFs also turned negative, signaling broader risk-off sentiment. Morgan Stanley’s MSBT added $9.17M, but ETF demand remains weak across crypto markets. The pressure that had been building all week finally broke into a wider rout.