Bitcoin News
By Steven Anderson
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Nine Days of Consecutive Withdrawals. Nine consecutive days of outflows is a long run. It's the kind of streak that starts to shift…
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Ether and Altcoin Funds Also Hit. Ether funds lost $27.60 million on June 30 alone. That's not catastrophic in isolation, but…
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Nine days straight. That's how long bitcoin ETFs shed money heading into the end of June, with cumulative outflows hitting $223 million before the month finally closed out.
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The bleeding was sharpest on June 30. Bitcoin ETFs alone dropped $222.64 million in a single session, pretty much swallowing the entire headline figure on their own.
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Fund managers haven't said a word publicly about what's driving the outflows or what, if anything, they plan to do about it.
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Bitcoin ETFs were the most visible casualty, but the streak hit the whole crypto ETF space hard.
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The crypto ETF space has grown fast over the past couple of years. Institutional access to digital assets through regulated fund structures was supposed to be a stabilizing force…
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Read also: Bitcoin Nears $60,000 as Fed Chair Warsh Flags AIs Growing Economic Weight
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Ether funds lost $27.60 million on June 30 alone. That's not catastrophic in isolation, but stacked on top of whatever the prior eight sessions looked like, it adds up.
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XRP, Solana, and HYPE funds rounding out the losing session tells a similar story. These aren't the same investors.
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Investors seem to be reassessing risk exposure across the board. Maybe it's the broader macro picture. Maybe it's something specific to crypto sentiment as June ended.
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The absence of any statement from fund managers or financial institutions running these products is its own kind of data point.
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More context: Citi Cuts Bitcoin Target 27% as 2.6 Trillion SHIB Exits Exchanges
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Investors are watching. Waiting for some signal — a stabilization in daily flows, a public statement, a shift in the macro backdrop — that might suggest the streak is done.
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