BlackRock's IBIT Posts $440.29M Outflow as Bitcoin ETF Redemptions Hit Day 11

On June 1, bitcoin ETFs recorded $483.76 million in net outflows, extending the category's redemption streak to 11 straight sessions, led by BlackRock's IBIT with a $440.29 million withdrawal. Ether ETFs also stayed negative for a 15th consecutive trading day, losing $44.44 million, while XRP and HYPE ETFs took in a combined $5.41 million.