Cryptocurrency Markets: June 29 Spot ETP Flows: BTC ETPs Post Combined Net Outflows of $231mn Yesterday, Dragging Daily Flows Downward Despite ETH and SOL ETPs‘ Positive Net Flows

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Cryptocurrency Markets: June 29 Spot ETP Flows: BTC ETPs Post Combined Net Outflows of $231mn Yesterday, Dragging Daily Flows Downward Despite ETH and SOL ETPs‘ Positive Net Flows

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

30 June 2026

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Cryptocurrency Markets

June 29 Spot ETP Flows: BTC ETPs Post Combined

Net Outflows of $231mn Yesterday, Dragging Daily

Flows Downward Despite ETH and SOL ETPs’ Positive

Net Flows

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

redemptions of $231mn and net sales of $8mn, respectively, on Monday, June 29, Exchanges

2026. We estimate the U.S. spot Solana ETPs posted net sales of $6mn 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 $231mn on (1-212) 622-4911

Monday, June 29, 2026, the eighth consecutive day of net outflows. BlackRock’s madeline.daleiden@jpmchase.com

IBIT led the group lower with net redemptions of $301mn. The only other net Michael Cho

outflowing vehicles within the group we track yesterday were Grayscale’s mini (1-212) 622-3619

BTC ($23mn) and Fidelity’s FBTC ($4mn). Leading the group’s offsetting net michael.cho@jpmchase.com

inflows were ARKInvest/21Shares’ ARKB, which gathered $50mn and J.P. Morgan Securities LLC

Grayscale’s legacy GBTC with net sales of $35mn. Other single-digit million