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Spot Bitcoin ETFs Record $484 Million Net Outflow on June 1, Extending Redemption Streak to 11 Days

According to data from SoSoValue reported by ME News on June 2 (UTC+8), U.S. spot Bitcoin ETFs recorded total net outflows of $484 million on June 1 (Eastern Time). This movement marks the 11th consecutive day of net redemptions for the asset class. While Morgan Stanley's MSBT bucked the trend with $6.14 million in daily inflows, bringing its cumulative total to $239 million, BlackRock's IBIT experienced the most significant pressure with a one-day outflow of $440 million. Despite the recent streak of exits, IBIT's historical net inflows remain substantial at $63.367 billion. As of the report, the total net asset value across all spot Bitcoin ETFs stands at $91.16 billion, representing 6.37% of Bitcoin's total market capitalization, with cumulative net inflows reaching $55.179 billion.
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