U.S. spot bitcoin ETFs endured their most severe monthly withdrawals on record in June, with investors pulling roughly $4.5 billion from the funds. The figure surpassed the previous worst monthly outflow by 29%, underscoring a sharp deterioration in demand for the regulated bitcoin products that launched in early 2024. The month ended on a particularly weak note, with nine consecutive trading days of net redemptions closing out the period. The sustained selling suggests waning institutional and retail appetite, potentially reflecting broader caution toward risk assets or profit-taking following prior price gains. Spot bitcoin ETFs have been closely watched as a barometer of mainstream investment interest since their debut, making the record outflow a notable signal for market sentiment. Whether the trend reverses or persists into the following month will be a key indicator for bitcoin's near-term trajectory.
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