#bitcoin $BTC
June just became the worst month on record for spot Bitcoin ETFs. $4 billion pulled out, the highest monthly outflow since they launched.
This isn't retail panic-selling on an app. These are institutional vehicles, the same ones that were supposed to bring "steady, sticky" demand into Bitcoin. For most of this year, that thesis held. This month it didn't.
BTC is sitting below $60K, on track for a rare back-to-back quarterly loss something that hasn't lined up with the usual cycle pattern people expect.
Doesn't mean the ETF thesis is dead. One bad month after years of inflows isn't proof of anything permanent. But it's worth updating the assumption that "institutions only buy, never sell" because this month, they did.
What's your read — temporary repositioning, or a real shift in institutional appetite?
#CryptoNews #BTC
June just became the worst month on record for spot Bitcoin ETFs. $4 billion pulled out, the highest monthly outflow since they launched.
This isn't retail panic-selling on an app. These are institutional vehicles, the same ones that were supposed to bring "steady, sticky" demand into Bitcoin. For most of this year, that thesis held. This month it didn't.
BTC is sitting below $60K, on track for a rare back-to-back quarterly loss something that hasn't lined up with the usual cycle pattern people expect.
Doesn't mean the ETF thesis is dead. One bad month after years of inflows isn't proof of anything permanent. But it's worth updating the assumption that "institutions only buy, never sell" because this month, they did.
What's your read — temporary repositioning, or a real shift in institutional appetite?
#CryptoNews #BTC