Crypto ETF Flows Report — 2026-06-04

Overview

U.S. spot crypto ETFs recorded another heavy redemption day on June 3, with Bitcoin, Ether, Solana, and XRP products posting a combined $449.6 million in net outflows. The selling extended a record-breaking streak that has now reached 13 consecutive days of net Bitcoin ETF outflows.

Key Metrics

| Metric | Value | |--------|-------| | BTC ETF daily outflow (June 3) | $396.6M | | ETH ETF daily outflow | $53M | | SOL ETF daily outflow | $12.8M | | XRP ETF daily outflow | $5.34M | | Cumulative BTC ETF outflows (13 sessions) | $4.37B | | BTC ETF AUM (current) | $82.83B | | BTC ETF AUM (May 15 peak) | $104.29B | | AUM decline in ~3 weeks | $21.46B |

Concentration in IBIT

BlackRock's IBIT accounted for $342.34M (86%) of Wednesday's Bitcoin ETF outflows. Fidelity's FBTC lost $54.26M. No other Bitcoin ETF products recorded net flows.

Rare Bright Spot: HYPE ETFs

Hyperliquid's spot HYPE ETF complex was the lone outlier:

• 21Shares' THYP took in $2.99M
• Cumulative HYPE ETF net inflows since May 12 launch: $139.51M
• Total HYPE ETF net assets: $192.01M
• Grayscale launched HYPG on Wednesday (lowest-fee HYPE vehicle)

Broader Context

• BTC dipped below $62K to a near four-month low (~50% below ATH)
• $1.5B in total crypto liquidations over 24 hours
• Crypto Fear & Greed Index dropped to 11 (Extreme Fear)
• Strategy's first BTC sale in nearly 4 years (32 BTC, ~$2.5M) amplified bearish sentiment
• Citi estimates ETF flows explain ~45% of weekly BTC price moves
• Capital rotating to AI stocks as crypto market structure bill stalls in Congress

Sources

• SoSoValue data via CoinDesk, CoinCentral, FinanceFeeds
• CoinGlass liquidation data
• Alternative.me Fear & Greed Index