U.S. spot Bitcoin ETFs suffered a record $4.5B in June outflows, with BlackRock's IBIT leading withdrawals as investors rotated capital toward SpaceX's historic IPO

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SpaceX carries the same reflexive crypto plumbing people claim they are rotating away from: its S-1 showed 18,712 BTC, and Trade.xyz’s pre-IPO SpaceX perp on Hyperliquid did $33M volume with $21.8M OI in its first 24 hours. ETF holders bought BTC through the clean regulated wrapper at an ~$83K average cost, then chased an allocation-gated wrapper while spot traded around $58.6K on June 30.

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U.S. spot Bitcoin ETFs suffered a record $4.5B in June outflows, with BlackRock's IBIT leading withdrawals as investors rotated capital toward SpaceX's historic IPO

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U.S. spot Bitcoin ETFs suffered a record $4.5B in June outflows, with BlackRock's IBIT leading withdrawals as investors rotated capital toward SpaceX's historic IPO

Explore the topic

More on Bitcoin

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Investors turn to Strategy's June 30 STRC ex-dividend date as markets await the preferred stock's monthly dividend rate reset amid heightened Bitcoin volatility

Grant Cardone says Cardone Capital will keep buying Bitcoin with rental cash flows, positioning its $200M BTC strategy as an alternative to Strategy's debt-funded playbook

SVB says crypto-backed lending hits $67B as banks push into Bitcoin-backed loans

Michael Saylor signals another bitcoin buy as Strategy sits about $13 billion underwater

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Strategy's enterprise mNAV falls below 1 for the first time, signaling investors now value the firm's capital structure below the Bitcoin held on its balance sheet

Investors turn to Strategy's June 30 STRC ex-dividend date as markets await the preferred stock's monthly dividend rate reset amid heightened Bitcoin volatility

Grant Cardone says Cardone Capital will keep buying Bitcoin with rental cash flows, positioning its $200M BTC strategy as an alternative to Strategy's debt-funded playbook

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