U.S. spot crypto exchange-traded funds recorded approximately $255.4 million in combined net outflows on Monday, June 29, as Bitcoin and Ether funds remained under redemption pressure while Solana ETFs continued to show selective demand.
Spot Bitcoin ETFs lost $231.0 million on the day, extending a multi-session outflow streak that has weighed on broader crypto sentiment. BlackRock’s IBIT led the redemptions with $300.4 million in outflows, while Fidelity’s FBTC lost $3.9 million and Grayscale’s BTC shed $22.9 million. Those withdrawals were partly offset by inflows into several competing funds. ARK 21Shares’ ARKB added $50.0 million, Grayscale’s GBTC attracted $35.1 million, VanEck’s HODL brought in $3.8 million and MSBT added $7.3 million. Bitwise’s BITB, Invesco’s BTCO, Franklin Templeton’s EZBC, Valkyrie’s BRRR and WisdomTree’s BTCW were flat.
Ether ETFs also ended the session negative, recording $29.9 million in net outflows. BlackRock’s ETHA posted a small $5.9 million inflow, while Fidelity’s FETH added $5.3 million and Grayscale’s ETHE gained $2.1 million. Those positives were outweighed by $37.5 million in outflows from ETHB and $5.7 million from Grayscale’s ETH. ETHW, TETH, ETHV, QETH and EZET were unchanged.
Solana ETFs were the only major spot crypto ETF category to finish positive, adding $5.5 million. Bitwise’s BSOL attracted $4.6 million, while FSOL added $0.9 million. VSOL, TSOL, SOEZ and GSOL were flat.
Bitcoin Outflows Remain the Main Drag
The June 29 data showed that Bitcoin ETF weakness remained concentrated but meaningful. IBIT’s $300.4 million outflow was notable because BlackRock’s fund has historically been the strongest product in the spot Bitcoin ETF complex and a key signal of institutional demand.
The broader Bitcoin ETF market has now suffered a heavy late-June reversal. Funds lost $113.8 million on June 23, $469.0 million on June 24, $691.7 million on June 25, $444.5 million on June 26 and $231.0 million on June 29. That brings cumulative Bitcoin ETF outflows over those five trading sessions to $1.95 billion.
The mixed fund-level pattern matters. While IBIT saw heavy redemptions, ARKB, GBTC, HODL and MSBT attracted capital. That suggests some investors may be rotating between products rather than exiting the category entirely. Still, the net result was firmly negative, and ETF flows remain a headwind for Bitcoin’s near-term price structure.
Solana Divergence Stays Small but Positive
Solana’s $5.5 million inflow was modest compared with the size of Bitcoin and Ether outflows, but it continued a recent pattern of selective demand for higher-beta crypto ETF exposure. BSOL remained the main beneficiary, reinforcing Bitwise’s early lead in the Solana ETF market.
For Ether, the picture remains weaker. The asset continues to face inconsistent ETF demand despite its central role in stablecoins, tokenization and decentralized finance. ETH funds lost $81.9 million on June 25, $12.8 million on June 26 and another $29.9 million on June 29, showing that investors have not yet returned in size.
The market impact is that regulated crypto fund flows remain fragile. Spot ETFs helped define the institutional accumulation narrative during stronger periods, but late-June redemptions now show that the same products can amplify downside pressure when investors cut exposure.
The next few sessions will be important. If Bitcoin ETF outflows slow and Solana demand holds, the market may treat late June as a sharp but temporary risk-off phase. If redemptions continue, ETF flows could become a deeper structural drag on crypto prices and institutional sentiment.
