IBIT single-handedly withdrew 3.5 billion, institutions fled faster than rabbits, the market sentiment is truly icy.

IBIT2.53%
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CoinNetwork
Coin World News, Coin Bureau reports that U.S. spot Bitcoin ETFs recorded their worst month on record in June, with net outflows reaching $4.5 billion, surpassing the previous monthly record by 29%. Of that amount, BlackRock’s IBIT alone accounted for $3.55 billion in withdrawals, as institutions shifted funds to other opportunities amid high interest rates, geopolitical uncertainty, and the record-breaking SpaceX IPO.
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