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Spot Bitcoin ETFs Record Worst Month With $4.5 Billion in Outflows
Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.
U.S. spot Bitcoin ETFs recorded a record $4.5 billion in net outflows in June, marking their worst month since launching in January 2024. The funds also extended their losing streak to nine consecutive trading days after another $222.6 million in net withdrawals on June 30. BlackRock’s IBIT accounted for $3.55 billion of June’s outflows. Investors cited macroeconomic uncertainty, higher interest rates, and capital shifting to other investment opportunities as key drivers. Markets will watch whether ETF flows stabilize in the coming weeks.
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