Bitcoin ETF Outflows Reversed as Ether and Altcoins Gain Traction

On June 15th, a significant shift occurred in the crypto ETF market. Bitcoin ETFs experienced a net outflow of $64.09 million, primarily due to a large withdrawal from Grayscale's GBTC. However, some funds like Blackrock's IBIT did receive inflows.

Despite this downturn for Bitcoin, Ether ETFs rebounded with $22.5 million in net inflows, led by Fidelity's FETH. Altcoin ETFs such as HYPE, Solana, and XRP also saw positive inflows, indicating a selective interest from investors.

This split suggests that institutional demand is ongoing but cautious, favoring Ether and altcoins over Bitcoin at present.