BlackRock’s IBIT reported a $182 million loss amid $114 million in Bitcoin ETF outflows
On June 23, crypto ETF flows remained under pressure. Bitcoin funds lost $113.78 million, and ether ETFs saw $82.35 million in outflows. BlackRock’s IBIT reported an $182 million loss, aligning with broader Bitcoin ETF outflows of about $114 million.
Fidelity’s FETH attracted $15.7 million, yet the overall fund continued to post $82 million in outflows. HYPE and Solana products saw modest inflows, while XRP ETFs recorded no trading activity.
Bitcoin ETF flows remained under pressure on June 23, extending a multi‑day cooling trend across U.S. crypto funds. Bitcoin products recorded $113.78 million in outflows, while ether ETFs lost $82.35 million, reflecting a broader risk‑off shift among institutional allocators.
The largest hit came from BlackRock’s IBIT, which posted a $182 million single‑day loss — consistent with the $114 million aggregate outflow according to Bitcoin.com. IBIT’s size means even one red day materially impacts total market flows, reinforcing how dominant the fund has become in shaping sentiment.
Ether products also struggled. Despite Fidelity’s FETH attracting $15.7 million in inflows, the category still ended the day with $82 million in net outflows, underscoring persistent hesitation around ETH exposure ahead of regulatory and macro catalysts.
Outside the majors, flows were more nuanced. HYPE ETFs added $1.46M, and Solana products gained $137K, entirely through Canary’s SOLC. XRP ETFs recorded no trading activity, maintaining flat flows and unchanged net assets.
Overall, the June 23 data shows a market still shaped by caution. Bitcoin and ether remain the weak points, but selective inflows into HYPE and Solana suggest investors are reallocating rather than exiting the ecosystem. The structure of crypto ETFs is functioning — but not strong enough to offset a broader risk‑off environment.
