Bitcoin ETFs Shed $2.1b in June So Far as Market Selloff Deepens
Spot Bitcoin ETFs continue to see heavy outflows, with June losses already near $2.1 billion after May’s $2.4 billion, reflecting weaker risk appetite amid geopolitical तनाव, higher oil prices, and sticky inflation. Total ETF assets have fallen from about $109 billion to $77 billion since May 10, alongside Bitcoin’s drop from its recent peak near $81,443 to around $59,353. Analysts say the selling is partly mechanical—such as leveraged arbitrage unwinds and migration away from the highest-fee fund—but also tied to broader capital rotation into AI stocks and IPOs. Some see the outflow pace as slowing, not worsening. Macro data remains mixed: U.S. inflation rose to 4.2% annually, but core CPI eased month over month, offering some relief. Bitcoin has rebounded modestly to around $62,560, though traders remain cautious. Near term, attention is on the Fed meeting and whether Bitcoin can hold above $60,000; a break lower could open more downside, while a sustained move back above $70,000 could help ETF inflows recover.
