Bitcoin ETFs Experience $1.72 Billion Outflows as Bearish Trend Continues in June
Bitcoin ETFs Experience $1.72 Billion Outflows as Bearish Trend Continues in June
The US Bitcoin spot ETF market has extended its bearish momentum into June, recording substantial capital withdrawals totaling $1.72 billion in net outflows during the first trading week. This follows a challenging May, with investor sentiment around Bitcoin continuing to worsen amid strong macroeconomic uncertainty, leading to a drop in Bitcoin's price to $59,000.
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. Related Reading: Bitcoin Drops To $59,000 For First Time Since [...].