Red Alert for $BTC ETF: Record $4.5 Billion Outflow in Just June!
* In June, U.S.-listed spot Bitcoin ETF funds ($BTC ) suffered a $4.5 billion loss as capital flowed out, setting a new record.
* The total net withdrawals since the beginning of 2024 for these funds has surged to $5.5 billion.
* The $4.5 billion withdrawn in June is even larger than the $1.25 billion capital raised by MicroStrategy just recently.
In a notable development, June has become the worst period for U.S.-listed spot Bitcoin ETF funds ($BTC ), as they faced a record capital outflow. The latest data shows that a total of $4.5 billion left these funds in just one month.
This massive selloff has pushed the total net outflow from Bitcoin ETF funds since the start of 2024 to an astonishing $5.5 billion. This is an unprecedented pace of capital retreat, signaling potential shifts in market sentiment. More notably, the record outflow in June even surpassed the $1.25 billion raised by MicroStrategy, underscoring the heavy selling pressure weighing on the $BTC ETF sector.
* In June, U.S.-listed spot Bitcoin ETF funds ($BTC ) suffered a $4.5 billion loss as capital flowed out, setting a new record.
* The total net withdrawals since the beginning of 2024 for these funds has surged to $5.5 billion.
* The $4.5 billion withdrawn in June is even larger than the $1.25 billion capital raised by MicroStrategy just recently.
In a notable development, June has become the worst period for U.S.-listed spot Bitcoin ETF funds ($BTC ), as they faced a record capital outflow. The latest data shows that a total of $4.5 billion left these funds in just one month.
This massive selloff has pushed the total net outflow from Bitcoin ETF funds since the start of 2024 to an astonishing $5.5 billion. This is an unprecedented pace of capital retreat, signaling potential shifts in market sentiment. More notably, the record outflow in June even surpassed the $1.25 billion raised by MicroStrategy, underscoring the heavy selling pressure weighing on the $BTC ETF sector.