Bitcoin ETFs Reversal: $82M Outflows as Market Continues Wild Ride

Crypto exchange-traded funds (ETFs) saw significant outflows on June 17, reversing the prior session's gains. Bitcoin and ether ETFs led the retreat, with a combined loss of $82.2 million.

The decline was driven by Grayscale's GBTC, which saw $15.46 million leave the fund, while Blackrock's IBIT lost $30.76 million. Ark & 21Shares' ARKB also recorded significant outflows, with $43.53 million exiting the fund.

However, not all crypto ETFs were hit by the decline. HYPE and solana products continued to attract modest inflows, adding $2.1 million and $1.06 million respectively. This suggests that investors are still looking for new ways to stay involved in the market.