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.