Spot bitcoin ETFs record worst month since debut, shedding $4.5 billion in June
The Block·
60-second summary
Spot bitcoin ETFs experience their worst month since debut, shedding $4.5 billion in June as investors rotate capital amid macroeconomic uncertainty and a historic SpaceX IPO. Analysts attribute the significant outflows to these factors, highlighting a shift in investor sentiment. The substantial losses underscore the market's sensitivity to external events.
Analysts cited capital rotation amid macroeconomic uncertainty and SpaceX's historic IPO as the main drivers of the significant outflows.