The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
This summary text is fully AI-generated and may therefore contain errors or be incomplete.
Spot Bitcoin ETFs have seen significant outflows in early June, reversing the bullish momentum from May. Grayscale’s GBTC continues to drag, while BlackRock’s IBIT shows subdued inflows amid Bitcoin’s stagnant price range.
- Grayscale’s GBTC saw $278.4 million in outflows between June 1-6, continuing its consistent drag on ETF inflows.
- Bitcoin’s stagnant price range ($104K–$106K) correlates with softening ETF demand, contrasting with May’s volatile inflows.
- BlackRock’s IBIT, a previous inflow leader, contributed just $82.2 million in early June, reflecting broader market hesitation.
📎 Read the original article on cryptoslate.com