Black Rock spot bitcoin (Bitcoin) and Ethereum (Ethereum(Exchange-traded funds)ETFs) recorded consolidated net external inflows of approximately $333.6 million during the past week.
The outflow highlights continued institutional caution towards digital assets despite signs of stabilization at the end of the week.
Data from Bitcoin ETF and Ethereum ETF flow trackers show that the majority of selling pressure came from BlackRock’s iShares Bitcoin Trust (He will go), which saw approximately $355 million leave the fund over the five days.
Meanwhile, BlackRock’s Ethereum ETFs attracted modest inflows that partially offset bitcoin-related redemptions.
The latest numbers come as US cryptocurrency ETFs continue to experience a widespread risk-off environment that has impacted digital assets investment Products throughout the month of June.
The largest daily withdrawals occurred on June 8 and 10, when investors withdrew $232.9 million and $148.5 million, respectively. Additional outflows of $61.6 million were recorded on June 9.
However, the data also shows a noticeable shift late in the week. On June 11, IBIT attracted $30.3 million in new capital, followed by another $57.7 million on June 12. The positive inflow on June 12 helped bring total spot Bitcoin ETF inflows to $85.9 million for the day.
Despite the recovery, late-week inflows were not enough to offset the large withdrawals recorded earlier in the week, leaving IBIT with a five-day net outflow of about $355 million.
While BlackRock’s Bitcoin ETFs have seen significant recoveries, the company’s Ethereum ETF products have delivered more resilient performance.
Ethereum Mixed Flows
BlackRock’s ETHA fund recorded net outflows of about $7.2 million over the five days. However, the company’s ETHB fund attracted $28.6 million in net inflows, resulting in a combined net inflow of about $21.4 million across BlackRock’s spot Ethereum ETF products.
Ethereum Flow shows that ETHB benefited from strong demand from investors on June 8, when the fund received $26.9 million in new capital. Additional inflows of $1.7 million were recorded on June 10.
Meanwhile, ETHA saw more mixed trading activity, including outflows of $20.6 million on June 10 and $8.5 million on June 9. However, Ethereum-related products significantly outperformed BlackRock’s Bitcoin ETFs during the week.
The broader United States encryption The ETF market has remained under pressure in recent weeks as investors reduce their exposure to risky assets amid ongoing market volatility.
Industry-wide data indicates that spot cryptocurrency ETFs collectively recorded nearly $322 million in net outflows over the past week. Bitcoin ETFs accounted for the majority of the selling pressure, while Ethereum ETFs recorded smaller drawdowns overall.
This indicates that investor sentiment has begun to stabilize. June 12 saw a return to positive inflows into spot Bitcoin ETFs after several sessions of sustained outflows, with BlackRock’s IBIT leading inflows across the sector.
