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Bitcoin ETFs lose $484M amid 11 days of outflows; altcoin ETFs like XRP gain selective investor interest.

Market News
02 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin ETFs experienced significant outflows totaling $483.8 million on June 1, marking the 11th consecutive day of withdrawals, with Blackrock's IBIT fund leading at $440.3 million. Ether ETFs also faced pressure, extending their outflow streak to 15 days, losing $44.4 million mainly from Blackrock and Fidelity funds. In contrast, altcoin ETFs such as XRP and HYPE attracted fresh capital, gaining $5.4 million combined, indicating selective institutional demand beyond major cryptocurrencies. This trend suggests that while large-cap crypto funds face short-term selling pressure, interest in specific altcoins and crypto sectors remains strong and may reflect a more mature, segmented market outlook.

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