← Back to KHAO

Bitcoin ETF · Bitcoin · Ethereum ·

Bitcoin spot ETFs see $214 million outflow as Ethereum funds shed $36 million in single session

2 min read

Compiled by KHAO Editorial — aggregated from 1 source. See llms.txt for citation guidance.

◌ Single Source

Bitcoin spot ETFs see $214M outflow as Ethereum funds shed $36M in single session.

BlackRock's IBIT accounted for nearly all of the Bitcoin ETF bleeding, raising questions about institutional appetite amid a broader 13-day outflow streak.

Key facts

Summary

US spot Bitcoin ETFs hemorrhaged $214 million on June 10, with Ethereum spot ETFs losing $35.6 million in the same session. It’s part of a 13-day outflow streak that has drained roughly $4.4 billion from US spot Bitcoin ETFs since late May. BlackRock’s iShares Bitcoin Trust, IBIT, was responsible for $213.63 million of the day’s Bitcoin ETF outflows. The $213.63 million figure translates to approximately 3,580 BTC being redeemed from IBIT alone.

Read full article at Crypto Briefing →

#Bitcoin ETF #Bitcoin #Ethereum