U.S. Spot Bitcoin ETFs See $1.72 Billion Outflow in a Week

U.S. spot Bitcoin ETFs saw a $1.72 billion outflow from June 1 to June 5.

From June 1 to June 5, U.S. spot Bitcoin ETFs experienced a net outflow of $1.72 billion. This marks the largest weekly withdrawal in over a year, according to The Block, citing SoSoValue. The largest outflow was from BlackRock’s IBIT, amounting to approximately $1.34 billion.

Amid weakening flows, Bitcoin fell to $61,195 but later recovered above $63,000.