- Bitcoin spot ETFs saw $267M in outflows while Ethereum ETFs continued an 11-day inflow streak, signaling a shift in sentiment.
- ARKB plans a 3-for-1 share split to attract retail investors as ETF trading volumes hit $2.33B with IBIT leading activity.
- SEC halted Ethereum and Solana staking ETF proposals over legal and disclosure concerns, tightening scrutiny on crypto funds.
On June 2, U.S. Bitcoin spot ETFs recorded a net outflow of $267.52 million. This marked the third straight day of capital leaving the sector. In contrast, Ethereum spot ETFs posted an $78.17 million net inflow, extending their positive streak to 11 consecutive days. This divergence reflects shifting investor sentiment in the crypto ETF landscape.
BlackRock’s IBIT led the outflows, shedding $130.44 million. Despite the loss, IBIT still holds $68.83 billion in net assets and has $48.44 billion in cumulative inflows. Fidelity’s FBTC followed with a $50.11 million outflow, though it maintains strong fundamentals with $20.64 billion in assets and $11.56 billion in inflows.
Grayscale and Ark ETFs Also See Significant Movement
Grayscale’s GBTC saw $16.47 million in outflows and continues to lag with a cumulative outflow of $23.23 billion. Its net assets now sit at $19.38 billion, despite charging the highest fee in the group at 1.5%. ARKB, from Ark and 21Shares, reported a notable $73.91 million outflow. Yet, it still holds $4.73 billion in assets with $2.37 billion in inflows.
Source: Sosovalue
Meanwhile, IBIT topped the trading volume charts at $1.82 billion. FBTC followed with $228.05 million, while GBTC posted $109.18 million. Across all funds, net assets totaled $125.47 billion—equal to 6.02% of Bitcoin’s total market cap. The total value traded on June 2 reached $2.33 billion.
ARKB Share Split and SEC Scrutiny Highlight ETF Landscape Shifts
To boost retail participation, 21Shares US LLC announced a 3-for-1 share split for ARKB. The move, effective June 16, aims to lower the share price without affecting the fund’s total value. Consequently, ARKB will become more accessible to everyday investors and may enhance liquidity.
Moreover, the SEC has halted two new crypto ETF proposals linked to Ethereum and Solana staking rewards. The filings, submitted by REX Shares and Osprey Funds, failed to meet the SEC’s strict investment company criteria. Additionally, the regulator raised concerns about misleading language in the proposals.
