Spot Bitcoin ETFs bleed $1.7B as outflow streak hits four weeks (opens original article in a new tab)

Spot Bitcoin ETFs experienced $1.72 billion in net outflows for the week ending June 5, continuing a four-week streak of billion-dollar redemptions. Outflows were concentrated in early June, with BlackRock’s IBIT accounting for most of the withdrawals. Ether ETFs also saw redemptions, while some altcoin ETFs recorded inflows.

• Spot Bitcoin ETFs had $1.72 billion in net outflows for the week ending June 5.
• BlackRock’s IBIT accounted for $1.34 billion in net outflows.
• Ether ETFs recorded $173 million in outflows, while some altcoin ETFs saw inflows.
• Outflows were linked to macroeconomic factors like US employment data and rising Treasury yields.