HEAVY SHOCK! US spot Bitcoin ETF “evaporates” $4.5 billion in June: historical warning signs?
The $BTC spot ETF funds in the United States just went through a not-so-bright June, seeing record net outflows of up to $4.5 billion. This is the worst month on record to date for these financial products, surpassing the previous negative record by 29%. Notably, all of these enormous net outflows occurred over a streak of nine consecutive trading days at the end of the period.
Key updates:
* The $BTC spot ETF funds in the US recorded record net outflows of $4.5 billion in June.
* This is the worst month to date for Bitcoin ETF products in the United States, exceeding the previous negative record by 29%.
* This huge net outflow total took place continuously over the last 9 days of the month.
The $BTC spot ETF funds in the United States just went through a not-so-bright June, seeing record net outflows of up to $4.5 billion. This is the worst month on record to date for these financial products, surpassing the previous negative record by 29%. Notably, all of these enormous net outflows occurred over a streak of nine consecutive trading days at the end of the period.
Key updates:
* The $BTC spot ETF funds in the US recorded record net outflows of $4.5 billion in June.
* This is the worst month to date for Bitcoin ETF products in the United States, exceeding the previous negative record by 29%.
* This huge net outflow total took place continuously over the last 9 days of the month.