Bitcoin ETFs Face Sustained Outflows Amid Institutional Retreat
Bitcoin ETFs Face Sustained Outflows Amid Institutional Retreat
The U.S. spot Bitcoin ETF market is experiencing a significant institutional retreat, marked by a prolonged 18-day losing streak. A substantial $213.85 million net outflow was recorded on June 10, with BlackRock's IBIT ETF identified as a leading factor in this exodus.
Bitcoin ETFs Suffer Prolonged Institutional Exodus
The U.S. spot Bitcoin Exchange-Traded Fund (ETF) sector is currently navigating a challenging period marked by a sustained institutional retreat. On June 10, the market recorded a notable $213.85 million in net outflows, further extending what has become an 18-day continuous losing streak. BlackRock's IBIT has been identified as a key contributor to this trend, highlighting the ongoing institutional shift away from the asset class.