Spot bitcoin ETFs extend negative streak, following $2.4 billion monthly outflows in May
The Block·
60-second summary
Spot bitcoin ETFs continue to decline, following $2.4 billion in monthly outflows in May, a stark indicator of investor sentiment. Dampened hopes for an improved macroeconomic environment have led institutions to pivot towards AI stocks, according to an analyst, citing this shift as a key factor behind the decline in crypto ETF popularity and a potential market correction.
Dampened hopes for an improved macroeconomic environment have led institutions to move from crypto ETFs to AI stocks, an analyst said.