Bitcoin ETF Records $129 Million Outflow While Ethereum ETFs Gain $281 Million Amid Market Volatility and Upcoming Token Unlocks Pressure

On June 9, Wu Blockchain reported that from June 2 to June 6 (ET), Bitcoin ETFs saw a net outflow of $129 million. Fidelity’s FBTC led the retreat with $168 million in redemptions. Meanwhile, Ethereum ETFs recorded net inflows totaling $281 million, marking their fourth consecutive week of gains. Wise Crypto also highlighted BTC’s volatile movement, with prices rebounding 4.7% to $106,263 but facing resistance at $106,265. Major token unlocks worth over $341 million are also expected this week, involving tokens such as APT, STRK, IMX, SEI, and MOVE.

Bitcoin ETF Outflows Reflect Cautious Sentiment

Net outflows from Bitcoin ETF products reached $129 million for the week ending June 6. Fidelity’s FBTC alone accounted for $168 million in redemptions. Other spot Bitcoin ETF issuers reported mixed activity, with some recording marginal inflows that failed to offset the broader sell-off. Market observers linked the trend to rising macroeconomic uncertainty and traders locking in profits ahead of inflation-related data. Concerns over near-term price resistance also weighed on sentiment. 

Source: Wise Crypto X Post On June 9, 2025

Wise Crypto provides insightful crypto market analysis and updates. According to Wise, BTC faces resistance at $106,265, with key support at $103,700. Around 95% of current BTC holders purchased below this level, suggesting high sell pressure near resistance.

Ethereum ETFs Gain Momentum as Investors Rotate

Ethereum ETF inflows surged to $281 million during the same week, outperforming Bitcoin ETF flows by a wide margin. All nine spot Ethereum ETFs registered positive inflows. This marked the fourth straight week of net capital addition, reinforcing growing institutional interest in the Ethereum ecosystem. Investors appear to be rotating funds from Bitcoin to Ethereum, seeking opportunities amid Ethereum’s growing use in DeFi and staking. The market reacted favorably to clarity around Ethereum’s ETF approval path and expectations for better yield-related structures. Industry analysts noted that Ethereum’s consistent inflows reflected strong conviction. Unlike Bitcoin ETFs, Ethereum ETFs showed no signs of outflow pressure during the same period.

Source: Cipher X Post on X Platform on June 9, 2025

Over the past 10 days leading up to June 7, 2025, Bitcoin and Ethereum ETFs have shown contrasting trends in investor behavior. Bitcoin ETFs experienced significant net outflows totaling $1.47 billion, with flows turning negative after May 22. In stark contrast, Ethereum ETFs quietly recorded consistent gains, accumulating $579 million in net inflows over the same period. While Bitcoin saw sustained redemptions, Ethereum maintained almost daily positive inflows, signaling a clear rotation of capital into ETH. This divergence underscores shifting investor sentiment, with Ethereum emerging as the more favored asset in recent days.

BTC Price Movement Signals Uncertainty Ahead of Token Unlocks

As per Wise data, Bitcoin rebounded to $106,263, reflecting 4.7% growth. The price faces immediate resistance at $106,265. A breakout above this level could push BTC toward $108,000. If selling resumes, BTC may test strong supports at $103,700 and $95,600, where 95% and 85% of holders bought in, respectively. Traders remain cautious due to the technical setup and the market’s reaction to broader token unlocks. The coming week will witness significant token unlocks exceeding $341 million in total. One-time unlocks include APT, STRK, IMX, SEI, and MOVE, while daily unlocks from tokens like SOL, WLD, and AVAX may add sell pressure. These unlocks can impact short-term liquidity and increase volatility across altcoins. Analysts suggest close monitoring of large-cap tokens like SOL and DOT during this period.

Short-Term Outlook Hinges on Bitcoin ETF Sentiment and Unlock Impact

Bitcoin ETF flows remain under scrutiny as markets approach key macroeconomic and crypto-specific triggers. With Ethereum ETFs seeing four weeks of consistent inflows, institutional preference may be tilting toward Ethereum in the short term. The contrast between Bitcoin ETF outflows and Ethereum ETF inflows highlights a diverging investor approach. Market participants will also closely track the $341 million worth of token unlocks this week. Liquidity shifts may impact prices and influence near-term strategies across major crypto assets. 

In addition, BTC’s technical setup presents a potential breakout or breakdown scenario, contingent on broader sentiment and ETF fund movement. A sustained breakout above $106,265 could renew bullish momentum for Bitcoin. Conversely, failure to hold key supports could lead to sharper declines. As capital rotation continues between Bitcoin and Ethereum ETFs, and major unlocks enter circulation, traders remain alert to rapid market developments.