Spot Bitcoin ETFs log $484 million net outflow on June 1, extending streak to 11 straight days

ME News reported that as of June 2 (UTC+8), SoSoValue data showed spot Bitcoin ETFs posted total net outflows of $484 million on June 1 (Eastern Time), marking the 11th consecutive day of net redemptions. Morgan Stanley's MSBT led daily inflows, adding $6.1434 million and taking its cumulative net inflows to $239 million. BlackRock's IBIT saw the largest one-day outflow at $440 million, while its historical net inflows rose to $63.367 billion. At publication time, total net asset value across spot Bitcoin ETFs stood at $91.16 billion. The ETF net asset ratio, measured as market cap as a share of Bitcoin's total market cap, was 6.37%, and cumulative net inflows reached $55.179 billion. (Source: SoSoValue)