Bitcoin and Ether ETFs Continue Downward Trend Amid Selective Investor Demand

Crypto exchange-traded fund (ETF) flows remained under pressure on June 2, with Bitcoin funds posting a 12th straight day of redemptions and Ether ETFs extending their losing streak to 16 sessions.

Blackrock's IBIT led the retreat, recording $388.64 million in outflows, followed by Grayscale's GBTC with $83.51 million in withdrawals.

In contrast, Solana ETFs drew in $6.50 million, entirely going into Grayscale's GSOL, while HYPE ETFs added $3.15 million, all of which was allocated to Bitwise's BHYP.