US spot Bitcoin ETF dem dey comot $519M for Day 12
U.S. spot Bitcoin ETFs record say dem comot net US$519.23 million on June 2, make dem continue wan 12-day losing run. Total net comot for the period reach about US$3.978 billion, Trader T talk.
By fund, BlackRock IBIT lead with net withdrawal of US$388.68 million. Grayscale GBTC see US$83.51 million outflows, Fidelity FBTC record US$45.14 million net loss, and Ark Invest ARKB lose US$16.67 million from the fund. Morgan Stanley MSBT na the only exception, e post US$14.77 million inflow, but e no strong enough to stop the wider selloff.
For traders, this steady outflow pattern from spot Bitcoin ETFs show institutions dey position cautious—maybe dem dey take profit after earlier inflows and wan uncertainty over U.S. interest-rate policy. The trend also match Bitcoin consolidation and difficulty to reclaim levels above US$70,000 after pullback from prior peak near US$73,000. If outflows continue e fit pressure near-term sentiment, but if e reverse e fit help stabilize price action.
Bearish
Di news dey bearish for BTC because steady out for spot Bitcoin ETFs mean say institutional selling/withdrawals dey persist instead of new demand. For June 2 only, outflow na $519.23M, and the run don already reach 12 days with total outflows near $4B—plenty to weigh down near-term sentiment. Fund-level concentration dey add pressure: IBIT na the biggest withdrawal, while the small handful of inflows (MSBT) no reach to cancel the wider selling.
Short-term, this fit raise downside volatility and make rebounds harder as market people dey look ETF flow data for confirmation. For long-term, impact go likely mixed: even though ETFs remain structurally important as transparent demand signal, prolonged outflows—maybe driven by profit-taking and rate uncertainty—fit delay sustained inflow cycles. A switch to net inflows go be the key catalyst to stabilize price action above key resistance zones (e.g., $70k).