US Spot Bitcoin ETFs Record $91.4M Outflows on June 8 Amid Four-Week Selloff

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According to SoSoValue, U.S. spot Bitcoin exchange-traded funds recorded $91.4 million in net outflows on June 8. Since May 15, Bitcoin ETFs have shed nearly $5 billion, with outflows on all but one trading day—June 4 saw just $3.2 million in inflows. On Monday, ARKB and FBTC reported respective inflows of $63 million and $59.4 million, while BlackRock's IBIT saw $233 million in outflows. Ryan Myher, COO of Genius, noted that seeing inflows across multiple fund issuers despite large redemptions from others "suggests that broad-based selling pressure is beginning to ease." Separately, spot Ethereum ETFs recorded $82.4 million in daily net inflows on Monday.
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