US spot Bitcoin and Ethereum ETFs hemorrhaged a combined $102 million in net outflows on June 18, snapping what had been a brief period of positive inflows and reigniting concerns about institutional appetite for crypto exposure.
Bitcoin products bore the brunt of the damage, with approximately $90.7 million walking out the door according to Farside data. Ethereum ETFs contributed roughly $12.77 million in outflows, with BlackRock’s iShares Ethereum Trust (ETHA) accounting for nearly all of the Ethereum-side losses.
The numbers behind the bleed
This sell-off arrived just two weeks after a record 13-day Bitcoin ETF outflow streak finally ended on June 5. That streak alone drained roughly $4.4 billion from Bitcoin products.
On the Ethereum side, the $12.77 million net outflow translated to a reduction of approximately 7.32K ETH. Ethereum itself was trading around $1,700 on the day, while Bitcoin hovered in a $62,000 to $64,000 range.
