U.S. Spot Bitcoin ETFs Post Second-Largest Weekly Outflow on Record at $1.72B

[sergiorus]

According to SoSoValue data, U.S. spot Bitcoin ETFs recorded $1.72 billion in net outflows during the June 1–5 trading week (ET), the second-largest weekly outflow since launch. U.S. spot Ether ETFs also saw $173 million in net outflows, marking a fourth consecutive week of net redemptions.

Source: https://www.wublockchain.xyz/news/news-19470


Capitulation?

[Charles-Tim]

Consolidation at $60000 or capitulation? This happened and it was discussed about on this forum recently. The market is better for now, so I do not see any good reason of bringing what people have already discussed when the price of bitcoin was significantly going down. This is not capitulation, it is consolidation for now.

[Minor Miner]

Capitulation?

Most people only look at what happens in the short term, and missing the bigger picture.

Despite recent news about capital outflows from Bitcoin ETFs reaching $4.4B or $1.72B, as you mentioned. Many people fail to notice that the total assets under management in BTCETFs still stand at more than $102B. $4.4B is only around 4% and $1.72B is just 1.5% of that $102B.
So there is no sign of capitulation here, and there is nothing worth paying too much attention to.


https://www.coinglass.com/etf/bitcoin