Spot Bitcoin exchange-traded funds (ETFs) in the United States extended their losing streak to a fifth straight week, but a sharp Friday reversal led by BlackRock may mark a turning point.
According to data from SoSoValue, total net outflows for the week ending June 12 reached approximately $316 million, a significant improvement from the prior week’s $1.7 billion exodus—the second‑worst on record. Monday saw $91.37 million in redemptions, followed by $77.44 million on Tuesday, $213.85 million on Wednesday and $19.03 million on Thursday. Friday, however, brought a strong positive inflow of $85.85 million, with every U.S. spot Bitcoin ETF ending the session without a single net outflow.
BlackRock’s IBIT fund dominated the fresh capital, attracting $57.7 million, while Fidelity’s FBTC added roughly $18 million. Since launch, IBIT has accumulated over $62 billion in total net inflows, and FBTC now stands above $10.4 billion. The combined assets held across U.S. spot Bitcoin ETFs climbed to about $79.7 billion, representing roughly 6.3% of Bitcoin’s market capitalization and underscoring the growing role of regulated investment vehicles.
The turnaround follows a brutal 13‑session outflow streak earlier in June that had drained more than $4.4 billion from the funds. Despite Friday’s recovery, cumulative net inflows since launch have still declined from a peak of $59.34 billion on May 8 to $53.62 billion by June 12.
Ethereum ETFs painted a bleaker picture. They also logged a fifth consecutive week of net outflows, though the pace moderated. Monday brought $82.37 million in inflows, but the following days turned negative: $40.85 million on Tuesday, $35.59 million on Wednesday, $15.89 million on Thursday and $4.95 million on Friday, leaving the week with a net loss of just under $15 million—far less than the $173 million withdrawn in the previous week. Cumulative net inflows for Ether funds have fallen from $12.09 billion on May 8 to below $11.20 billion.
Meanwhile, spot XRP ETFs saw a modest $2 million in net inflows during the same session, continuing to build assets since their late‑2025 launch. The contrast between renewed Bitcoin demand and persistent Ethereum redemptions highlights a growing divergence among crypto ETF categories.
