$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record
Investors have pulled out $4 billion from the U.S.-listed spot bitcoin ETFs in June, the highest outflow on record.
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Summary
- U.S. spot bitcoin ETFs have logged about $4.06 billion in net outflows so far this month, the largest monthly redemption since the products launched.
- The funds saw roughly $1.79 billion in redemptions last week alone, undercutting earlier expectations of renewed demand following SpaceX’s June IPO.
