Cryptocurrency Markets June 9 Spot ETP Flows: Net Redemptions Total $118mn Across Groups Yesterday as De Minimis, Yet Negative, Flows Continue WTD

Research evidence excerpt

Cryptocurrency Markets June 9 Spot ETP Flows: Net Redemptions Total $118mn Across Groups Yesterday as De Minimis, Yet Negative, Flows Continue WTD

J P M O R G A N North America Equity Research

10 June 2026

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Cryptocurrency Markets

June 9 Spot ETP Flows: Net Redemptions Total

$118mn Across Groups Yesterday as De Minimis, Yet

Negative, Flows Continue WTD

Brokers, Asset Managers &

Exchanges

Kenneth B. Worthington, CFA AC

(1-212) 622-6613

kenneth.b.worthington@jpmorgan.com

We estimate U.S. spot Bitcoin ETP and U.S. spot ether ETP preliminary net Madeline Daleiden

redemptions of $78mn and $41mn, respectively, on Tuesday June 09, 2026. We (1-212) 622-4911

madeline.daleiden@jpmchase.com

estimate the U.S. spot Solana ETPs shed $1mn in net redemptions yesterday.

Michael Cho

(1-212) 622-3619

U.S. Spot Bitcoin ETP Flows michael.cho@jpmchase.com

J.P. Morgan Securities LLC

We estimate U.S. spot Bitcoin ETP preliminary net redemptions of $78mn on

Tuesday June 09, 2026across a concentrated group of vehicles. BlackRock’s IBIT

shed $62mn in net outflows while Fidelity’s FBTC posted net redemptions of

$20mn. Offsetting these net outflows were marginally positive flows out of

Grayscale’s mini BTC, attracting $4mn in net sales yesterday. After a gain of 3.0%

in the prior session, Bitcoin’s price reverted to ~$62.1k yesterday with a 2.1% loss

—per Bloomberg pricing—leadng AUMs and trading volumes lower. Total

notional trading volumes declined from the prior day to $2,597mn yesterday, now