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Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M

Reported by News
Jun 10, 2026· 2 min read
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Key Takeaways
  • • Bitcoin ETFs posted $77.44 million in net outflows on June 9, 2026, extending a three-day losing streak, with BlackRock's IBIT fund accounting for $61.64 million of the withdrawals and Fidelity's FBTC contributing an additional $20.19 million in redemptions.
  • • Ether ETFs reversed Monday's momentum by shedding $40.85 million in net outflows after posting an $82.37 million inflow the previous day, signaling uneven institutional demand across major crypto asset classes.
  • • Alternative crypto assets showed selective strength, with XRP ETFs gaining $7.44 million and Solana ETFs adding $794,000 in inflows while traditional HYPE products recorded zero trading activity.
  • • Bitcoin ETF assets under management declined to $77.58 billion as total trading volume reached $2.60 billion, reflecting investor caution despite the modest scale of outflows compared to prior weeks.
  • • Grayscale's Bitcoin Mini Trust and Ether Mini Trust partially offset losses with isolated inflows, though these gains proved insufficient to reverse negative category flows.
Summary
Crypto exchange-traded fund flows turned decisively negative on June 9, 2026, after a brief rebound the previous day, with Bitcoin and Ether funds experiencing combined outflows of $118.29 million. The reversal signals fragile investor sentiment in digital asset ETFs and underscores continued institutional caution despite modest scale relative to volatility in prior weeks.

Bitcoin ETFs led the decline with $77.44 million in net redemptions, marking the third consecutive day of outflows. BlackRock's flagship IBIT fund drove the exodus, with $61.64 million in withdrawals, while Fidelity's FBTC experienced $20.19 million in redemptions. Grayscale's Bitcoin Mini Trust provided marginal support with $4.39 million in inflows, but failed to alter the negative trajectory. The category's assets under management contracted to $77.58 billion from prior levels, with total trading volume reaching $2.60 billion.

Ether ETFs returned to negative territory after Monday's $82.37 million inflow, shedding $40.85 million on the day. Grayscale's ETHE fund was the largest contributor to redemptions with $17.42 million in outflows, followed by Grayscale's Ether Mini Trust with $14 million in withdrawals (figure incomplete in source). The uneven demand pattern suggests institutional investors remain selective in their crypto allocations despite recent positive signals in smaller altcoin categories.

Alternative asset classes demonstrated relative strength during the period. XRP ETFs attracted $7.44 million in net inflows, while Solana ETFs recorded $794,000 in additions. Notably, HYPE-designated products saw no trading activity, indicating concentrated investor focus on specific digital assets rather than broader exposure across emerging tokens. The bifurcated flow pattern—with major cryptocurrencies facing redemptions while smaller-cap assets drew modest capital—reflects a market reassessing risk exposure following the prior day's brief rally.

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Sources

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AlphaMaven summarised this story from the reporting below. Each link opens the original article.

News Blackrock’s IBIT Leads $77M Bitcoin ETF Outflow as XRP Funds Add $7.4M