
US spot Bitcoin ETFs extended their slide as June 5 outflows topped $325 million and weekly redemptions reached $1.722 billion, while Q1 13F data showed hedge funds cut Bitcoin ETF exposure and banks added holdings.
US spot Bitcoin ETFs recorded about $326 million in net outflows on June 5, with SoSoValue reporting $326 million and Farside Investors reporting $325.7 million, as BlackRock’s IBIT led withdrawals at about $214 million. The June 5 pullback was part of a broader weekly outflow of $1.722 billion for the week ended June 6, while total net assets across the funds stood near $75.1 billion. Separately, CoinShares’ review of quarterly 13F filings showed professional investors cut Bitcoin ETF holdings from 313,000 BTC to 261,000 BTC in Q1, a drop of roughly 52,000 BTC or 17%, with hedge funds reducing exposure by 39% and brokerages and hedge funds accounting for about 95%-96% of the selling, while banks increased holdings by about 7,800 BTC.