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In June, US spot Bitcoin ETFs saw a net outflow of $4.5 billion—the worst month on record.
BlackRock's IBIT experienced net outflows for 10 consecutive trading days, losing a total of 35,980 BTC, approximately $2.24 billion. The outflow finally ended on July 2, but IBIT itself continued to see $40.4 million in outflows.
For the first half of the year, ETFs had net outflows of $5.4 billion.
Citi directly cut its 12-month BTC price target from $112,000 to $82,000.
Institutions are pulling out. Big money is fleeing.
#gStocks代币化股票上线