U.S. Spot Bitcoin ETFs Log $91.4M Outflows on June 8

U.S. spot Bitcoin exchange-traded funds recorded $91.4 million in net outflows on June 8, extending a run of negative flows that began in mid-May. Since May 15 the group has seen nearly $5 billion in net outflows and reported net redemptions on every trading day except June 4, when they posted a $3.2 million net inflow.

Four funds posted net inflows on Monday. Ark & 21Shares’ ARKB drew $63 million and Fidelity’s FBTC added $59.4 million. Smaller positive flows were recorded at products from Bitwise and Morgan Stanley. Those gains were offset by $233 million in net outflows from BlackRock’s IBIT on the same day.

Ryan Myher, co-founder and COO of Genius, noted, “I don't think these outflows necessarily reflect a broad shift in institutional sentiment toward bitcoin.” He said ETF flows often lag changes in market sentiment and that recent withdrawals followed a period of macroeconomic uncertainty and volatility that led some investors to cut exposure. Myher added that institutional infrastructure for bitcoin has continued to develop and that long-term allocators have not exited the asset class.

Spot Ethereum ETFs reversed recent withdrawals on Monday, recording $82.4 million in net inflows. Seven ether funds posted gains for the day, led by Fidelity’s FETH with $28.6 million and BlackRock’s ETHB with $26.9 million. VanEck’s ETHV was the only ether fund with a net outflow, at $3.7 million. Newer spot products branded as Hyperliquid posted a combined $2.5 million in inflows after recording their first net outflow the prior Friday.

Bitcoin’s market price stabilized near $63,000 late Monday after falling below $60,000 on June 5. Myher said that if bitcoin holds key support levels and macro conditions remain stable, investors who have been on the sidelines may begin redeploying capital into ETFs, which could increase ETF demand through the remainder of the quarter.

Spot Bitcoin ETFs let investors gain exposure to bitcoin through regulated products traded on public exchanges rather than buying and storing the cryptocurrency directly. Market participants watch ETF flows as an indicator of demand from institutional and retail investors, while noting that daily flow figures can reflect short-term rebalancing and macro-driven moves as well as changes in longer-term allocations.

Trade data on flows showed a mix of redemptions and subscriptions across issuers on Monday. Market participants will monitor whether inflows across multiple issuers persist or whether larger-scale redemptions return if macro volatility increases.