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Bitcoin ETF Redemptions Top $2.97 Billion Since May 15
Spot bitcoin exchange-traded funds have recorded outflows for 10 consecutive trading days, with total net redemptions exceeding $2.97 billion since May 15. The streak has turned ETF flows into one of the clearest short-term indicators of weakening risk appetite in the bitcoin market. According to SoSoValue data, daily outflows ranged from $70 million to $733 million during the period. The largest single-day withdrawal came on Wednesday, when investors pulled $733.43 million from the products. Total net assets across spot bitcoin ETFs fell from $104.29 billion on May 15 to $94.17 billion as of Friday, a drop of about ... (full story)
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