9 Articles
9 Articles
Bitcoin ETFs set for worst month with US$4bil in outflows
Bitcoin traded around US$60,000, down more than 50% from its October peak last year. (EPA Images pic) LONDON: US-listed Bitcoin exchange-traded funds (ETFs) are on pace for their worst month of withdrawals since launching two years ago. Investors have pulled more than US$4.1 billion from the 13 funds in June, the highest net outflow since the products started trading in January 2024, data compiled by Bloomberg shows. IBIT, the BlackRock Inc fund…
Bitcoin Faces New Test After Dropping Toward a Crucial Trendline
Just before the start of July, the Bitcoin price is approaching a pivotal trendline that may determine its ultimate fate.After a very difficult month, the existing chart structure suggests a good chance prices will continue to fall.We are entering the month of Bitcoin's top trading at about $59,500, which is a considerable decrease from its high in the spring.Factors Shaping CryptoIn the next weeks, three factors will determine market behavior: …
U.S. investors have dramatically reduced their exposure to Bitcoin ETFs, arbitrating to technological actions and semiconductors, in a context of inflationary tensions and geopolitical calming, questioning the status of cryptocurrency as a safe haven.
Bitcoin (BTC) Slides Under $60K as Spot ETFs See Historic $4B June Exodus
Key Takeaways June witnessed unprecedented net outflows of $4.06 billion from U.S. spot Bitcoin ETFs, marking the highest monthly withdrawal figure to date Bitcoin has slipped beneath the $60,000 threshold, experiencing approximately 30% decline year-to-date BTC approaches its second consecutive quarterly decline, down 13% for the current quarter The Federal Reserve’s restrictive monetary policy combined with dollar strength continues applying …
U.S. Spot Bitcoin ETFs Log Record $4.06 Billion Monthly Outflows as Institutional Demand Weakens
U.S. spot bitcoin ETFs are on track to post their largest monthly net outflow since launching in January 2024, highlighting a sharp decline in institutional demand for the worlds largest cryptocurrency. According to data from SoSoValue, U.S. spot Bitcoin exchange-traded funds (ETFs) have recorded $4.06 billion in net outflows so far this month, surpassing the previous monthly record of $3.56 billion set in February 2025. The figures could still …
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