Bitcoin ETFs tracked by CoinGlass continue to shed value, with another $231 million liquidated from the market through yesterday. June has been a tough month for bitcoin ETFs, posting net outflows totaling $4.3 billion--including eight straight days of net outflows recorded by ETFs, says Konstantinos Crysikos of Kudo.com in a note. It's the largest monthly withdrawal seen all year, with macroeconomics currently favoring bonds and currency, not riskier assets like bitcoin. At this level, bitcoin is close to crossing over the year-low set last week. Bitcoin is down 3% this morning, while ethereum sinks 3.6% and XRP goes down 3.1%. (kirk.maltais@wsj.com)
Dow Jones Newswires
Bitcoin Finished Monday With Eighth Straight Net ETF Outflow — Market Talk
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Bitcoin ETFs tracked by CoinGlass continue to shed value, with another $231 million liquidated from the market through yesterday. June has been a tough month for bitcoin ETFs, posting net outflows totaling $4.3 billion--including eight straight days of net outflows recorded by ETFs, says Konstantin…