Bitcoin ETF Outflows Hit $5.94 Billion Over Six Weeks, BlackRock Selling Reaches $1.75 Billion in June
US spot Bitcoin exchange-traded funds, which hold the token directly, have recorded $5.94 billion of net outflows over the past six weeks, according to flow figures circulated Friday. Those figures also put BlackRock's Bitcoin selling this month at $1.75 billion.
On June 18 alone, the data showed a $90.7 million net outflow from US spot Bitcoin ETFs, including $96.7 million of Bitcoin sold by BlackRock clients. The withdrawals extend a sustained stretch of selling pressure across the funds.
From the sources (3 posts)
@cryptoroverOuch... 🩸 Bitcoin ETFs are bleeding money like never before. $5.94 BILLION worth of BTC has been dumped in just 6 weeks. This is the most aggressive continuous ETF selling pressure Bitcoin has ever seen.
@cryptorover💥BREAKING: So far, BlackRock sold $1,750,000,000 worth of Bitcoin this month already.
@dustybc🚨𝗝𝗨𝗦𝗧 𝗜𝗡:🇺🇸 Bitcoin spot ETFs recorded a net outflow of $90.7M on June 18. BlackRock clients sold $96,700,000 worth of $BTC 🔴