Bitcoin ETFs Suffer Record-Breaking Outflows Amid Broader Crypto Selloff

Crypto ETFs suffered significant outflows on Thursday, June 25, as major funds including Fidelity and Blackrock led the retreat. Bitcoin ETFs lost $696.29 million, marking the sixth consecutive day in negative territory. This selling pressure has now spread across nearly the entire bitcoin ETF complex.

The exits were spread across eight funds, with Fidelity's FBTC leading the losses at $274.48 million and Blackrock's IBIT following closely behind at $265.68 million. Other notable withdrawals included Ark & 21Shares' ARKB ($82.11 million), Invesco's BTCO ($53.03 million), Vaneck's HODL ($11.72 million), Bitwise's BITB ($7.07 million), Franklin's EZBC ($6.84 million), and Valkyrie's BRRR ($4.51 million).

Morgan Stanley's MSBT was the lone positive contributor, adding $9.17 million to total bitcoin ETF value traded of $3.50 billion.