June net redemptions have reached $4.3 billion, putting the funds on pace for their worst month on record after sustained investor withdrawals.
US spot Bitcoin ETFs recorded $231 million in net outflows on Monday, stretching their run of daily losses to eight straight sessions. The June total has now reached $4.3 billion in net outflows, leaving the products on track for their worst month on record. The figures point to sustained investor withdrawals from spot Bitcoin exchange-traded funds, a key channel that many market participants watch as a gauge of institutional demand.