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Bitcoin ETF Update
U.S. spot ETFs
$BTC recorded their worst month in history in June, with $4.5 billion net withdrawn as institutional investors pulled capital from the market.
BlackRock’s IBIT led the outflows, accounting for $3.55 billion of the total withdrawn.
The selloff appears to have been driven by a combination of higher interest rates, geopolitical uncertainty, and capital shifting to other investment opportunities, including SpaceX’s record-breaking IPO deal.
Institutional demand weakened significantly in June, leading to the largest monthly net outflow ever recorded for U.S. spot Bitcoin ETFs.
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