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Bitcoin ETFs bleed $326 million as Wall Street pulls back


Bitcoin ETFs bleed $326 million as Wall Street pulls back

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US spot Bitcoin ETFs experienced $326 million of outflows on June 5, extending a broader multi-billion dollar withdrawal trend. Total assets under management fell to $75.1 billion, signaling weakening investor sentiment and likely downward pressure on crypto prices, adoption and related DeFi and CEX flows.

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Outflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that...
Read the article at CryptoPolitan

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In This News

Coins

$ 63.84K

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