- Investors withdrew $1.72 billion from spot Bitcoin ETFs, marking the second-largest outflow in history.
- Spot Ethereum ETFs also saw a significant capital outflow of $168.22 million.
- Despite negative trends in major cryptocurrencies, some altcoin-based ETFs experienced positive inflows.
- Hong Kong’s spot Bitcoin ETFs showed a contrasting positive trend with a net inflow of 41.5 BTC.
Massive Withdrawals from Spot Bitcoin ETFs
The recent withdrawal of $1.72 billion from spot Bitcoin Exchange-Traded Funds (ETFs) marks the second-worst result ever recorded for funds based on the leading cryptocurrency. This significant outflow occurred between June 1 and June 5, 2026, according to data from SoSoValue.
Among the affected funds, BlackRock’s IBIT witnessed the largest withdrawal of $1.34 billion. Other notable losses included Fidelity’s FBTC with $201.92 million, Grayscale’s GBTC with $144.36 million, ARK Invest and 21Shares’ ARKB with $49.71 million, Bitwise’s BITB with $15.57 million, and Invesco Galaxy’s BTCO with $12.65 million.
Ethereum ETFs Also Face Challenges
Spot Ethereum-ETFs were not immune to this trend as investors pulled out a total of $168.22 million during the same period, as reported by SoSoValue data.
The largest withdrawals were seen in BlackRock’s ETHA ($111.52 million), Fidelity’s FETH ($26.46 million), Grayscale’s ETH ($25.41 million) and ETHE ($3.87 million), and 21Shares’ ETHB ($0.98 million).
Pockets of Growth in Altcoin-Based ETFs
In contrast to Bitcoin and Ethereum funds, certain altcoin-based ETFs displayed mixed results but managed to attract new investments successfully.
However, it’s crucial to note that Solana-ETF experienced an investor pullback with an outflow of $6.52 million.
A Ray of Hope: Hong Kong’s Positive Trend
Interestingly enough, while American products faced massive withdrawals, Hong Kong’s spot Bitcoin ETFs recorded a net inflow totaling 41.5 BTC — showcasing regional variances within the global crypto market landscape.
Overall capital withdrawal from both first cryptocurrency and Ethereum funds reached almost $3 billion by May-end — highlighting substantial shifts within crypto investment strategies globally.
This vast movement signals caution among investors regarding current market conditions but also underscores potential opportunities within alternative crypto assets and regional markets like Hong Kong where contrasting trends are apparent against broader withdrawal patterns globally.
