U.S. spot Bitcoin ETFs saw $85.8 million in net inflows on Friday, snapping a five-day streak of outflows that had drained hundreds of millions, according to SoSoValue. The late-week rebound, however, was not enough to offset earlier losses, with the group still ending the week down $315.8 million overall.
Inflows break multi-day slide
The inflow marked a shift after $727.4 million exited the funds earlier in the week, including a single-day withdrawal of $325.7 million on June 5. While the selling pressure eased, recent weeks have seen heavier declines, with prior weekly outflows reaching $1.7 billion and $1.4 billion. The last week of May alone recorded $1.26 billion in redemptions, the largest since late January.
BlackRock’s IBIT led Friday’s recovery with $57.7 million in inflows, followed by Fidelity’s FBTC at $18.0 million. No Bitcoin ETF posted outflows during the session.
IBIT remains the dominant product in the sector, holding $48.7 billion in net assets, equivalent to roughly 3.8% of Bitcoin’s circulating supply. However, its assets are still $13.4 billion below its cumulative net inflows of $62.1 billion, reflecting the impact of softer Bitcoin prices.
Monthly trend still under pressure
Despite Friday’s gains, flows into Bitcoin ETFs have remained largely negative over the past month, signaling weakening momentum. Bitcoin traded near $64,180, largely flat on the day, as cumulative trading volume across U.S. Bitcoin ETFs approached $2 trillion since launch.
Ether ETFs extend losses
Ether-focused ETFs continued to lag, recording $4.9 million in outflows on Friday and extending their losing streak to four consecutive sessions. Weekly outflows totaled $14.9 million.
Earlier inflows of $82.4 million helped limit broader losses, but net assets have fallen to $9.2 billion, down from $11.2 billion in cumulative inflows. In May, these funds briefly held a $223 million surplus, highlighting the scale of recent market value declines.
Assets under management for spot Ether ETFs have also dropped below year-ago levels, falling from around $9 billion in mid-June 2025 to roughly $7.5 billion. Ether traded near $1,680, unchanged over the past 24 hours.
Selling pressure shows signs of easing
The pause in ETF outflows suggests that the intense selling seen over the past month may be losing momentum. This coincides with a cooling derivatives market, where futures open interest fell to a six-month low by the end of May, indicating reduced leverage.
Still, a sustained return to net inflows would be needed to confirm a meaningful trend reversal. Current buying remains modest compared with prior weeks’ redemptions, leaving uncertainty about whether ETF demand can absorb broader market selling.
Widening gap between Bitcoin and Ethereum
The divergence between Bitcoin and Ethereum products is becoming more pronounced. Continued outflows from Ether ETFs point to asset-specific weakness, supported by on-chain data showing a decline in active addresses and lower network activity.
Sentiment around Ethereum has dropped to historically low levels, which has sometimes preceded price recoveries. However, without a consistent turnaround in ETF flows, any rebound may lack strength.
Focus shifts to Fed decision
Attention is now turning to the upcoming Federal Open Market Committee meeting, set to conclude on June 17. With recent inflation data coming in stronger than expected, guidance on interest rates is likely to shape trading activity across financial and cryptocurrency markets.
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