CoinDesk, June 6: 1. Bitcoin ETFs recorded a weekly outflow of $1.7 billion, the largest weekly outflow in a year; 2. BlackRock’s IBIT led the capital outflow from Bitcoin ETFs, pushing BTC below $60,000; 3. Analysts: Ethereum price touched $1,500, with warnings of a potential drop to $1,000; 4. Six U.S. senators sent a letter to the Federal Reserve urging a rewrite of digital asset capital rules; 5. Analysts: Worldcoin price plunged 25%; Arthur Hayes exited WLD; support at $0.35 remains unconfirmed; 6. On-chain data shows no signs of large-scale withdrawals from the crypto market due to SpaceX’s IPO; 7. Abraxas Capital’s main address closed its ETH short position; 8. Analysts: Bitcoin price forecasts indicate pressure on the $60,000 support level; 9. A whale deposited 38,550 ETH into AAVE V3 and borrowed $90 million USDT; 10. Bitcoin ETFs posted a fourth consecutive week of net outflows, with weekly outflows reaching $1.7 billion.
Bitcoin ETF sees $1.7 billion weekly outflow, largest in a year
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Summary
Bitcoin ETF outflows reached $1.7 billion in a single week, the largest in a year, according to Bijié. The outflows were led by BlackRock’s IBIT as BTC prices fell below $60,000. Ethereum rose to $1,500, but analysts warn of a possible decline to $1,000. ETF inflows have slowed, as investors remain cautious amid mixed market signals.
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