Bitcoin ETFs Shed $2.1B in June So Far as Market Selloff Deepens

In brief

• U.S. spot Bitcoin ETFs have shed $2.1B in June, pacing May’s $2.4B total outflows.
• Net assets declined $33B from $109B to $77B in the past month, in line with Bitcoin’s 27% drop.
• Analysts argued that the pace of ETF outflows is “exhausting rather than building,” but offered…