Bitcoin Holds $60,000 as ETF Outflows Near $1.8B in Five Days
Bitcoin traded around the $60,000 level on Saturday as the cryptocurrency market attempted to stabilize after a volatile week, even as U.S. spot Bitcoin exchange-traded funds (ETFs) continued to experience heavy investor withdrawals.
Summary:
- Bitcoin ETFs lost nearly $1.8 billion between June 22 and June 26.
- BlackRock’s IBIT accounted for almost two-thirds of weekly outflows.
- XRP, Solana and Hyperliquid ETFs still attracted fresh inflows.
While institutional demand for Bitcoin remained under pressure, ETF flows into XRP, Solana and Hyperliquid products pointed to a more selective approach toward digital assets rather than broad-based selling.
Bitcoin ETFs Extend Selling Streak
Institutional sentiment remained cautious throughout the week as U.S. spot Bitcoin ETFs recorded another day of sizeable net redemptions. Preliminary data from FarSide Investors showed $444.5 million leaving Bitcoin ETFs on June 26, marking the fifth consecutive trading session of outflows.
Over the period from June 22 through June 26, cumulative Bitcoin ETF withdrawals reached approximately $1.79 billion, making it one of the largest weekly outflow periods since the products launched. BlackRock’s IBIT accounted for the overwhelming majority of selling pressure, posting roughly $1.19 billion in cumulative withdrawals during the week. Fidelity’s FBTC also experienced substantial redemptions, while Bitwise, Ark Invest, Grayscale and several smaller issuers registered comparatively smaller outflows.
Despite the continued selling, Bitcoin held above the psychologically important $60,000 threshold after briefly falling below that level earlier in the week. The resilience suggests that while institutional investors reduced exposure through ETF products, spot market demand and longer-term holders continued absorbing a portion of the selling pressure.
The ETF data also illustrates that investor positioning remains defensive ahead of broader macroeconomic developments, with many portfolio managers reducing risk despite Bitcoin remaining well above its aggregate on-chain cost basis.
Ethereum Faces Outflows While Altcoin ETFs Gain Ground
Ethereum ETFs also remained under pressure, although withdrawals were significantly smaller than those recorded by Bitcoin products.
Spot Ethereum ETFs posted $12.8 million in net outflows on June 26, extending the week’s cumulative withdrawals to approximately $273 million. The figures suggest institutional demand for Ethereum remains subdued despite the asset stabilizing near recent support levels.
In contrast, several newer digital asset ETFs continued attracting fresh capital.
According to data from Coinglass XRP spot ETFs recorded $15.63 million in net inflows, led by Bitwise’s XRP ETF, which attracted approximately $11.66 million, while Franklin Templeton’s XRP ETF added nearly $3.97 million. The positive flows extended XRP’s recent trend of steady institutional interest as investors continue positioning around the asset’s expanding regulatory clarity and growing ETF ecosystem.
READ MORE: Bitcoin Faces Crucial Support Test Despite $100,000 Year-End Call
Solana also posted positive institutional demand. Spot SOL ETFs recorded $2 million in net inflows, reversing the modest withdrawals seen earlier in the week. Meanwhile, Hyperliquid ETFs attracted $1.8 million, suggesting investors continue allocating capital toward emerging blockchain ecosystems despite persistent weakness in Bitcoin-focused investment products.
The divergence across ETF flows highlights an increasingly selective institutional market. Rather than exiting digital assets altogether, investors appear to be rotating capital toward alternative blockchain networks and products perceived as offering stronger growth opportunities or portfolio diversification.
Crypto Market Shows Signs of Resilience
The broader cryptocurrency market traded higher despite continued ETF selling.
According to data from CoinMarketCap the total crypto market capitalization rose to approximately $2.08 trillion. Bitcoin traded close to $60,200, Ethereum climbed roughly 2%, XRP advanced nearly 3%, and Solana gained more than 4%, making it one of the strongest-performing large-cap cryptocurrencies during the session.
Market sentiment nevertheless remained cautious. The Crypto Fear & Greed Index stayed at 17, firmly within Extreme Fear, indicating investors remain defensive following recent volatility. The Altcoin Season Index improved to 51, suggesting market performance is becoming more balanced between Bitcoin and alternative cryptocurrencies rather than being dominated by a single segment.
Price action also reflected improving technical conditions for several major assets. Bitcoin recovered from weekly lows near $58,000, while Ethereum held above critical support despite sustained ETF selling. Solana continued outperforming many large-cap cryptocurrencies, supported by renewed buying interest and positive ETF flows.
Institutional Rotation Rather Than Broad Exit
The week’s ETF activity suggests institutional investors are becoming more selective instead of abandoning digital assets entirely.
Bitcoin remains the largest institutional crypto allocation, yet persistent outflows indicate many asset managers continue reducing exposure amid macroeconomic uncertainty and elevated volatility. At the same time, inflows into XRP, Solana and
Hyperliquid ETFs demonstrate that capital continues entering digital asset markets through products tied to alternative blockchain ecosystems.
This divergence reflects the ongoing maturation of the crypto investment landscape. As regulated investment vehicles expand beyond Bitcoin and Ethereum, institutional investors increasingly have the flexibility to diversify across multiple blockchain networks rather than concentrating exposure in a single asset.
For now, Bitcoin’s ability to maintain support near $60,000 despite nearly $1.8 billion in weekly ETF outflows suggests the broader market continues finding buyers during periods of institutional selling. Whether that resilience persists will likely depend on macroeconomic conditions, future ETF flows and whether institutional demand returns once the current wave of redemptions subsides.
The information presented in this article is intended for informational purposes only and should not be interpreted as financial, investment, or trading advice. Coinspress.com does not promote or advocate for any particular investment strategy, asset, or cryptocurrency project. Cryptocurrency markets are highly volatile and unpredictable – always perform your own research and seek guidance from a qualified financial professional before making any investment decisions.
Alexander Stefanov
Reporter at CoinsPress
Alex is Editor-in-Chief of Coinspress and co-founder of Millennial Media Group, with nearly a decade of experience covering financial markets - crypto first, then everything else. It started in 2016 with Bitcoin. Like most people at the time, he didn't fully understand it - so he kept digging. Blockchain, tokenomics, the projects, the cycles. That curiosity never stopped, and eventually pulled him into traditional markets too: equities, commodities, macro. Not because he left crypto behind, but because you can't properly understand one without the other. What drives him is straightforward: he wants to know why something is happening, not just that it's happening. Most market coverage stops at the headline - price up, price down, here's a chart. Alex finds that kind of reporting actively unhelpful. If you walk away from an article without understanding the mechanism behind the move, what did you actually learn? He holds a degree in Tourism from New Bulgarian University - not the most obvious path into financial markets, but markets have a way of pulling in people who are simply too curious to stay out. He has authored over 200 in-depth analyses and more than 10,000 articles across crypto and traditional finance. He still thinks every day in markets teaches him something new. That's probably why he hasn't stopped.
