Bitcoin ETF · Bitcoin · U.S. Treasury · Cointelegraph
Spot Bitcoin ETFs bleed $1.7 billion as outflow streak hits four weeks
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BlackRock’s IBIT accounted for most of the weekly Bitcoin ETF redemptions, while Fidelity and Grayscale funds also saw outflows.
Key facts
- Data compiled by Farside Investors shows that the pressure was concentrated across the first three trading days of June, when the funds shed $483.8 million, $519.1 million and $396.6 million
- The losses followed outflows of $241.45 million the previous week, after investors withdrew $215.99 million and $255.11 million in the two weeks
- XRP ETFs showed a modest $2.62 mllion in inflows, while Solana ETFs posted $6.52 million in outflows during the same time period
- Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data
Summary
Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ending June 5, according to SoSoValue data. The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15. Data compiled by Farside Investors shows that the pressure was concentrated across the first three trading days of June, when the funds shed $483.8 million, $519.1 million and $396.6 million, respectively. BlackRock’s iShares Bitcoin Trust ETF (IBIT) accounted for the bulk of the week's redemptions, with about $1.34 billion in net outflows.