Overview
- U.S. spot Bitcoin ETFs ended a 13‑session streak of net redemptions that began in mid‑May after draining about $4.4 billion from the group, with a small $3.05 million inflow reported by one major data provider for the most recent day.
- Two data providers published different daily prints for June 5, with CoinDesk showing a tiny net inflow that would break the streak and Crypto Briefing reporting continued outflows, underlining measurement and methodology gaps across sources.
- BlackRock’s iShares Bitcoin Trust accounted for outsized flows during the run and logged large daily moves relative to peers, while BlackRock’s ETHA supplied the $19.3 million that several sources say ended a 17‑day ether ETF outflow cycle.
- Hyperliquid’s newly launched HYPE ETF complex continued to attract steady daily inflows since mid‑May, reaching roughly $185.7 million in assets, even as larger Bitcoin and ether funds saw withdrawals.
- The redemptions have lowered total Bitcoin ETF assets and holdings from their October 2025 peaks and, because authorized participants must sell underlying coins to meet redemptions, the ETF flows have added mechanical selling pressure that can amplify price declines.