Spot Bitcoin ETFs Record $1.72 Billion in Net Outflows in Four-Week Streak

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Spot Bitcoin ETFs saw $1.72 billion in net outflows in the week ending June 5, extending a four-week streak of billion-dollar redemptions, attributed to macro-driven risk repricing amid stronger US employment data and rising Treasury yields.

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Spot Bitcoin exchange-traded funds (ETFs) recorded about $1.72 billion in net outflows in the week ended Friday, according to SoSoValue data. The outflows extended the streak to four straight weeks of billion-dollar redemptions, dating back to the week ending May 15. [...]

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This article was originally published by Cointelegraph.

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