Bitcoin ETFs see $326M outflow as BlackRock’s IBIT leads the exodus

Crypto ETF flows stayed under pressure from June 1 to June 5, with bitcoin funds posting a fourth straight week of withdrawals and ether ETFs also ending firmly negative. The weakness was not uniform, however, as HYPE and XRP ETFs drew inflows while solana slipped back into redemptions. Bitcoin and Ether ETFs Lose $1.89B While […]

BlackRock’s IBIT accounted for most of the weekly Bitcoin ETF redemptions, while Fidelity and Grayscale funds also saw outflows.

BlackRock chief investment officer Rick Rieder believes that the bull run in US equities will continue, driven by higher earnings estimates. In a new interview at the CNBC CEO Council Summit, Rieder says the market is in the midst of an “extraordinary period of time” as stock prices rise while earnings multiples fall. While Rieder […] The post BlackRock CIO Rick Rieder Sees Sustained Stock Market Bull Run, Names One Equity Group Flashing Solid Fundamentals appeared first on The Daily Hodl.

Institutional profit-taking in Bitcoin ETFs may signal a shift in market dynamics, potentially impacting Bitcoin's price stability and investor sentiment. The post BlackRock’s Bitcoin ETF sheds $214M in single-day outflow as institutional profit-taking accelerates appeared first on Crypto Briefing.

The US Bitcoin spot ETF market has carried its bearish momentum into June, recording substantial capital withdrawals during the first trading week of the month. The latest outflows come after a difficult May, as investor sentiment around Bitcoin continues to worsen amid strong macroeconomic uncertainty. Related Reading: Bitcoin Drops To $59,000 For First Time Since […]

It was an extremely painful week for the spot Bitcoin ETFs, as the outflows skyrocketed to new anti-record.

The US Spot Bitcoin ETFs are experiencing a sustained bearish performance, especially as the premier cryptocurrency succumbs to another wave of correction. Recent data suggest that these ETFs recorded 13 consecutive trading days of net outflows between Mid-May and early June, with investors pulling out about $4.33 billion. Nevertheless, these assets still boast of net […]