US Bitcoin ETFs record $1.8 bn outflows as XRP ETFs pull in $23 m

U.S. spot Bitcoin exchange‑traded funds experienced their biggest weekly net outflow since launch, with about $1.79 billion withdrawn in the week to 26 June. The flow was dominated by BlackRock’s iShares Bitcoin Trust (IBIT), which alone accounted for roughly $1.3 billion – around 73 % of the total – and pushed the fund’s average investor into a 40 % loss after earlier gains. Cumulative outflows over the past month total roughly $6.3‑$6.4 billion, and Bitcoin has slipped to the $58‑$60 k range, down about a third of its 2024 value.

In contrast, U.S. XRP‑focused ETFs attracted new capital, pulling in about $23 million during the same week, their strongest inflow in six weeks. Analysts see the XRP inflow as a sign that some institutional investors remain confident in Ripple’s cross‑border payment platform despite broader market weakness. The divergent ETF flows underscore a widening split in crypto‑asset sentiment, with Bitcoin suffering a severe institutional pull‑back while XRP continues to draw modest new money.

The outflow trend is reflected across the market: other major Bitcoin ETFs (Fidelity’s Wise Origin, Grayscale) also posted sizable redemptions, and total crypto market capitalization has contracted sharply. However, large‑scale investors such as Bitcoin “whales” have shown increased on‑chain buying activity, hinting that some long‑term demand persists even as regulated fund inflows dwindle.