Bitcoin Spot ETF Records $1.72B Net Outflows Last Week, Largest Since February 2025

BTC1.24%
According to BlockBeats, U.S. Bitcoin spot ETF experienced net outflows of $1.72 billion last week (ending June 8), marking the largest weekly outflow since February 2025. BlackRock's IBIT, the largest Bitcoin ETF by assets, recorded $1.34 billion in outflows, its biggest weekly decline since launch in January 2024. Bitrue Research notes the outflow was driven by strong U.S. employment data in May, which reduced near-term Fed rate-cut expectations and pushed Treasury yields higher, making yield-bearing bonds more attractive than Bitcoin. Bitcoin ETF continued negative flows from May, when monthly outflows reached $2.43 billion.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments