US Spot Bitcoin ETF Outflows Drop 87% From June 5 Peak to $226 Million
Figures cited by CoinDesk show US spot Bitcoin exchange-traded funds, which hold the token directly, had $226 million of net redemptions last week, down from $1.72 billion in the week ended June 5.
The slowdown follows a six-week stretch in which the funds recorded $5.94 billion of net outflows. Earlier flow figures also showed a $90.7 million net withdrawal on June 18.
From the sources (4 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 🔴
@coindeskMARKETS: $BTC ETF outflows have slowed dramatically from a peak of $1.72B for the week ending June 5 to $226M last week, an 87% decline in weekly redemption volume.