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$4 billion gone. Spot bitcoin ETFs are on track for their worst month on record
Spot bitcoin ETFs are experiencing their worst month on record, with $4 billion in outflows. The decline reflects significant losses in the bitcoin ETF market.
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Adjacent reporting
- Spot bitcoin ETFs extend negative streak, following $2.4 billion monthly outflows in May
- Spot bitcoin ETFs log $649 million in net outflows, largest since January
- BlackRock's bitcoin ETF sheds $528 million, the second-largest daily outflow on record
- Smart-contract and DeFi coins lead losses as bitcoin wilts for 4th straight day
- Strategy posts $12.54 billion Q1 loss on declining bitcoin price
- Spot bitcoin ETFs shed $1.26 billion in worst week since late January as ether funds see 10-day outflow streak