
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.
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Bitcoin $63K Reclaim Liquidates $540M Shorts
Summary by ByteBrief