Cryptocurrency Markets: June 30 Spot ETP Flows: Concentrated, Negative Net Flows Yesterday Totaling $249mn; WTD Net Redemptions Trending at $472mn

Research evidence excerpt

Cryptocurrency Markets: June 30 Spot ETP Flows: Concentrated, Negative Net Flows Yesterday Totaling $249mn; WTD Net Redemptions Trending at $472mn

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

01 July 2026

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Cryptocurrency Markets

June 30 Spot ETP Flows: Concentrated, Negative Net

Flows Yesterday Totaling $249mn; WTD Net

Redemptions Trending at $472mn

We estimate U.S. spot Bitcoin ETP and U.S. spot ether ETP preliminary net Brokers, Asset Managers &

redemptions of $223mn and $28mn, respectively, on Tuesday, June 30, 2026. We Exchanges

estimate the U.S. spot Solana ETPs posted net redemptions of $3mn yesterday. Kenneth B. Worthington, CFA AC

(1-212) 622-6613

U.S. Spot Bitcoin ETP Flows kenneth.b.worthington@jpmorgan.com

Madeline Daleiden

We estimate U.S. spot Bitcoin ETP preliminary net redemptions of $223mn on (1-212) 622-4911

Tuesday, June 30, 2026, the ninth consecutive day of net outflows. Flows were madeline.daleiden@jpmchase.com

concentrated between two vehicles — BlackRock’s IBIT and Fidelity’s FBTC Michael Cho

recorded net outflows of $213mn and $10mn, respectively. Bitcoin’s price sold off (1-212) 622-3619

2.6% in yesterday’s session to ~$58.6k, per Bloomberg pricing, which led the michael.cho@jpmchase.com

group’s combined AUM lower to $70,937mn. Total notional trading volumes J.P. Morgan Securities LLC

across all vehicles were slightly higher from the prior session, reaching $2,528mn,

but still below the running daily average of ~$3,298mn/day since the January 2024