Bitcoin Spot ETFs Bleed $214M as Ethereum Funds Lose $36M

Bitcoin spot ETFs have seen significant outflows in recent days, with $214 million withdrawn on June 10. This marks another challenging day for crypto's most closely watched institutional products.

The combined outflow of $250 million includes Ethereum spot ETFs losing $35.6 million in the same session. This is part of a 13-day streak that has drained roughly $4.4 billion from US spot Bitcoin ETFs since late May.

BlackRock's iShares Bitcoin Trust, IBIT, was responsible for nearly the entire day's damage, with $213.63 million withdrawn in a single fund. This translates to approximately 3,580 BTC being redeemed from IBIT alone.

The pattern has been consistent since mid-May, with major issuers like Fidelity and Grayscale reporting persistent or accelerating outflows across their Bitcoin products.