Summary
- The U.S. spot-Bitcoin ETF market posted heavy net outflows for a 12th consecutive trading session.
- Total net outflows of $519.19 million were recorded across spot-Bitcoin ETFs on the day, with BlackRock's IBIT alone losing $308.64 million.
- Morgan Stanley's MSBT was the only fund to post net inflows, at $14.77 million, while most other ETF products recorded no net flows.
Forecast Trend Report by Period
U.S. spot-Bitcoin ETFs posted heavy withdrawals, extending their run of net outflows to 12 straight trading sessions.
Data from SoSoValue showed the funds recorded combined net outflows of $519.19 million on June 2.
BlackRock's IBIT led the declines, with $308.64 million in net outflows for the day. Grayscale's GBTC posted net outflows of $83.51 million, followed by Fidelity's FBTC at $45.14 million and ARK 21Shares' ARKB at $16.67 million.
Morgan Stanley's MSBT was the only fund to attract money, with net inflows of $14.77 million. Most of the remaining ETF products, including Bitwise's BITB, VanEck's HODL and Invesco's BTCO, recorded no net flows.
cow5361@bloomingbit.ioHello, I'm a reporter at bloomingbit
