Bitcoin ETFs Rout Extends To June With $1.72 Billion Net Outflows In First Week
The US Bitcoin spot ETF market has carried its bearish momentum into June, recording substantial capital withdrawals during the first trading week of the month. The latest outflows come after a difficult May, as investor sentiment around Bitcoin continues to worsen amid strong macroeconomic uncertainty. 72 billion between June 1 and June 5, as market prices tumbled to around $60,000.
43 billion, marking an extended period of capital flight from the investment funds. 34 billion. 36 million.
71 million. Meanwhile, Grayscale’s BTC, Valkyrie’s BRRR, WisdomTree’s BTCW, and Hashdex’s DEFI ended the week with no net flows. 05 million.
94 billion. 19% in value over the last week. Ethereum ETFs Lose Another $168M Amid Market Turmoil In line with their Bitcoin counterparts, the Ethereum spot ETFs also opened their June account with significant investor withdrawals.
78 billion. The latest figures suggest institutional investors are adopting a more cautious approach as they navigate an increasingly uncertain macroeconomic environment. 00% gain in the last day.
Meanwhile, Ethereum is trading at $1,612 after rebounding from its cycle low around $1,500.
