Crypto ETF Flows Freeze on Juneteenth Holiday

The US spot crypto exchange-traded funds (ETFs) saw no flow activity on June 19 due to the closure of U.S. stock markets for Juneteenth, a federal holiday.

On the last trading day before the holiday, June 18, U.S. spot Bitcoin ETFs recorded $90.7 million in net outflows, led by BlackRock's IBIT, which lost $96.7 million. VanEck's HODL had $4.4 million in outflows, while Morgan Stanley's MSBT added $10.4 million.

Other major Bitcoin funds experienced no net flow on June 18. Ether ETFs also remained under pressure with U.S. spot Ether ETFs losing $12.8 million, all from BlackRock's ETHA. The lack of activity on June 19 should not be seen as a market signal but rather a calendar effect.

The recent data suggests that demand remains uneven for Bitcoin and Ether ETFs. The broader market backdrop is challenging, with investors watching Federal Reserve policy expectations, risk appetite, and liquidity conditions.