Bitcoin ETFs See June's Biggest Outflows as BTC Drops Below $60K
Explore the provided link to ensure a consistent profit in Binance futures trading. Receive complimentary Bitcoin trading signals and utilize the Binance futures trading Bot for optimal automated trades: https://telegram.me/binancefuturesignal . US Bitcoin ETFs recorded $696.3 million in outflows as Bitcoin slipped below $60,000, lifting year-to-date losses to $4.6 billion. US-listed spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily net outflows of June on Thursday as Bitcoin fell below $60,000. Spot Bitcoin ETFs shed $696.3 million, surpassing the previous monthly high of $519.2 million logged on June 2, according to SoSoValue data. The latest withdrawals pushed June’s total outflows to $3.61 billion, bringing year-to-date net outflows to $4.6 billion. The ETF outflows coincide with signs that other large sources of institutional Bitcoin demand are also slowing. Strategy, the world's largest corporate Bitcoin holder, has reduced its accumu...