US-listed Ethereum ETFs experienced $70.62 million in net outflows on Friday, breaking a five-day inflow streak, yet still posting $103.9 million in weekly net inflows. Bitcoin ETFs also saw outflows, ending a seven-day streak, but both assets maintained three-week inflow streaks.
ETF investors diversified crypto exposure last week, significantly cutting U.S. spot Bitcoin and Ethereum ETF holdings by $1.79 billion and $273.5 million respectively. Concurrently, XRP spot ETFs gained $22.99 million and HYPE wrappers added $111.4 million, indicating a selective institutional demand for specific altcoin risks amidst broader market weakness.
US-traded Bitcoin and Ethereum ETFs saw significant outflows (-$2.3B and -$200M, respectively) through June 18, while Hyperliquid (HYPE) and XRP ETFs attracted $50M and $24M in net inflows, indicating distinct buyer bases amid broader crypto ETF contraction.
Trump Media & Technology Group has withdrawn its applications for Bitcoin and Bitcoin-Ethereum ETFs, citing a shift in regulatory strategy and a desire for more flexibility in investment structures. The move comes amid a competitive landscape for spot Bitcoin ETFs, with Morgan Stanley's ETF undercutting rivals on fees.
SBI Group plans to launch Bitcoin and Ethereum ETFs in Japan, pending regulatory reforms on crypto funds and taxation. The asset manager aims for a $31.5 billion AUM target within three years, leveraging Japan's large household savings and existing investment infrastructure.
Ethereum ETFs extended their losing streak to four days on Thursday, shedding nearly $184 million as geopolitical uncertainty offset record highs in U.S. stocks. The outflows accelerated on April 29, when Ethereum ETFs posted $87.7 million in net redemptions, the largest single-day exit since March 26. Despite the outflows, Ethereum's price climbed 2.2% to $2,313, suggesting selling pressure on fund products has not translated directly to spot market weakness.
