Bitcoin spot ETFs see $1.79B outflows, longest 7-week streak since launch in Jan 2024
Bitcoin spot ETFs experienced $1.79 billion in net outflows for the week ending June 26, marking the second-largest weekly redemption since their January 2024 debut. This outflow is part of a seven-week consecutive streak, the longest since these ETFs launched. BlackRock's IBIT fund led the withdrawals with $1.3 billion, reflecting diminished institutional interest amid Bitcoin's price hovering around $60,000 and a broader crypto market decline. This sustained outflow contrasts with previous short-lived drops, signaling potential ongoing investor caution.
Bitcoin spot ETFs experienced $1.79 billion in net outflows for the week ending June 26, marking the second-largest weekly redemption since their January 2024 debut. This outflow is part of a seven-week consecutive streak, the longest since these ETFs launched. BlackRock's IBIT fund led the withdrawals with $1.3 billion, reflecting diminished institutional interest amid Bitcoin's price hovering around $60,000 and a broader crypto market decline. This sustained outflow contrasts with previous short-lived drops, signaling potential ongoing investor caution.
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