Spot Bitcoin ETFs shed $1.72 billion in the week ending June 5, 2026 — extending an outflow streak to four consecutive weeks with over $1 billion in weekly redemptions. XRP ETFs posted modest inflows of $2.62 million over the same period, maintaining a pattern of structural divergence from Bitcoin flows.
According to SoSoValue data cited by Cointelegraph on June 8, the week's outflows were heaviest in the first three trading days of June: $483.8 million on June 2, $519.1 million on June 3, and $396.6 million on June 4. The funds briefly flipped to a $3.2 million net inflow on June 5 before $325.7 million in redemptions on June 6 closed the week decisively negative.
BlackRock's iShares Bitcoin Trust (IBIT) accounted for $1.34 billion of the week's total redemptions — the largest share by a significant margin. Fidelity's FBTC shed $201.9 million; Grayscale's GBTC recorded $144.3 million in net outflows. Ether ETFs extended their own streak with $173 million in outflows for the same period, bringing the 4-week ETH ETF total to approximately $885.6 million.
Context: The four-week outflow streak began the week ending May 15, 2026 — marking a sharp reversal from the strong inflows that supported Bitcoin ETFs in Q1. The streak coincides with stronger-than-expected NFP data, rising Treasury yields, and reduced rate cut expectations amid the ongoing Gulf conflict.
Matthew Pinnock, Chief Operating Officer of Altura DeFi, told Cointelegraph that the redemptions reflect a "macro-driven repricing of risk" rather than Bitcoin-specific concerns. He noted that IBIT dominated outflows because of its scale and liquidity — as the primary institutional access vehicle, it's the product large investors use when adjusting portfolio-level risk exposure.
"The timing of these redemptions aligns closely with stronger-than-expected US employment data, rising Treasury yields, and a sharp reduction in rate cut expectations this year amid the ongoing Gulf conflict," Pinnock said. "Bitcoin's recent weakness has been driven more by changing rate expectations and institutional risk appetite than by crypto-specific developments."
Against the macro selloff, XRP ETFs continued posting inflows. The $2.62 million inflow for the week ending June 5 is modest in absolute terms but structurally notable: XRP ETFs have maintained positive net inflows since launch with no net-outflow months recorded, while Bitcoin and Ether products have seen multi-week redemption streaks in the same period.
Our earlier analysis in XRP ETF Crash Resilience documented this divergence pattern through the June 3 market flush. The persistence of positive flows into XRP during macro risk-off events is consistent with the thesis that XRP ETF allocators are positioning around infrastructure utility rather than reactive to macro sentiment alone.
HYPE ETFs bucked the altcoin outflow trend, recording $16.65 million in net inflows during the same period — a sign that capital rotation within crypto is selective, not uniformly bearish. Whether the May CPI print (expected June 10) alters Treasury yield expectations will be a near-term indicator for whether the Bitcoin ETF outflow streak continues into a fifth week.