Bitcoin ETFs Experience Significant Outflows Amid Price Drop
In a notable market shift, US Bitcoin ETFs saw $696.3 million in outflows as Bitcoin's price fell below $60,000, contributing to a total year-to-date loss of $4.6 billion.
Editorial Staff
1 min read
Updated 5 days ago
Recent data indicates that US Bitcoin ETFs faced their largest daily outflows in June, totaling $696.3 million.
This outflow coincided with Bitcoin's decline below the $60,000 mark, raising concerns among investors.
As a result, the year-to-date losses for these ETFs have now reached approximately $4.6 billion.