IBIT's daily outflow is nearly 400 million, BlackRock's selling pressure is a bit hard to withstand.

Mars Finance News, June 3—According to Farside Investors data, on June 2 the US spot Bitcoin ETF recorded a net outflow of $519.1 million, further expanding the net outflow from the previous trading day of $483.8 million, as funds continued to withdraw from crypto asset ETFs. Among them, BlackRock’s IBIT recorded a single-day net outflow of $388.6 million, accounting for about 75% of the total outflow; Fidelity’s FBTC had a net outflow of $45.1 million; ARKB had a net outflow of $16.7 million; and GBTC had a net outflow of $83.5 million. Only MSBT recorded a net inflow of $14.8 million. Meanwhile, on the same day the US spot Ethereum ETF recorded a net outflow of $90.2 million, of which BlackRock’s...