US Bitcoin ETFs see $231M outflow, Ethereum ETFs lose $30M amid eight-day withdrawal streak.
US spot Bitcoin ETFs experienced a net outflow of $231 million on June 29, marking the eighth consecutive day of withdrawals and pushing June toward the worst month since their 2024 launch with nearly $4 billion lost. Ethereum spot ETFs also faced pressure with $30 million in outflows. Despite the overall negative trend, ARKB and BlackRock's ETHA attracted fresh inflows, signaling selective investor interest. The sustained outflows are linked to macroeconomic factors like rising interest rates, which favor safer assets over volatile crypto investments. Investors are watching for signs of a market rebound as total Bitcoin ETF assets remain significant at $73.19 billion.
US spot Bitcoin ETFs experienced a net outflow of $231 million on June 29, marking the eighth consecutive day of withdrawals and pushing June toward the worst month since their 2024 launch with nearly $4 billion lost. Ethereum spot ETFs also faced pressure with $30 million in outflows. Despite the overall negative trend, ARKB and BlackRock's ETHA attracted fresh inflows, signaling selective investor interest. The sustained outflows are linked to macroeconomic factors like rising interest rates, which favor safer assets over volatile crypto investments. Investors are watching for signs of a market rebound as total Bitcoin ETF assets remain significant at $73.19 billion.
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