Spot Bitcoin ETFs bleed $1.7B in four-week outflow streak

Spot Bitcoin ETFs recorded $1.72 billion in net outflows for the week ending June 5, extending a four-week streak of billion-dollar redemptions. BlackRock's IBIT accounted for $1.34 billion of the outflows. Fidelity's FBTC lost $201.9 million and Grayscale's GBTC lost $144.3 million. An executive attributed the redemptions to macro-driven risk repricing.