Bitcoin · Bitcoin ETF · Ethereum · Bitcoinist
Bitcoin ETFs Rout Extends To June With $1.72 Billion Net Outflows In First Week
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The US Bitcoin spot ETF market has carried its bearish momentum into June, recording substantial capital withdrawals during the first trading week of the month.
Key facts
- Other funds that experienced significant selling pressure include Invesco’s BTCO, Bitwise’s BITB, and ArkInvest/21Shares, with respective net withdrawals of $12.65 million, $15.57 million, and $49.71
- Only two investment funds attracted relevant fresh capital as Van Eck’s HODL recorded net inflows of $4.22 million, while MSBT added $35.05 million
- Meanwhile, Fidelity’s FBTC followed with $201.92 million in net redemptions, while Grayscale’s GBTC lost another $144.36 million
- According to data from SoSoValue, the Bitcoin spot ETFs recorded combined net outflows of approximately $1.72 billion between June 1 and June 5, as market prices tumbled to around $60,000
Summary
According to data from SoSoValue, the Bitcoin spot ETFs recorded combined net outflows of approximately $1.72 billion between June 1 and June 5, as market prices tumbled to around $60,000. Other funds that experienced significant selling pressure include Invesco’s BTCO, Bitwise’s BITB, and ArkInvest/21Shares, with respective net withdrawals of $12.65 million, $15.57 million, and $49.71 million. Only two investment funds attracted relevant fresh capital as Van Eck’s HODL recorded net inflows of $4.22 million, while MSBT added $35.05 million. In line with their Bitcoin counterparts, the Ethereum spot ETFs also opened their June account with significant investor withdrawals. The latest figures suggest institutional investors are adopting a more cautious approach as they navigate an increasingly uncertain macroeconomic environment.