MarketPR
spot Bitcoin ETFs bled $77.44 million in net outflows on June 9, extending a redemption streak to three consecutive trading days, according to flow data compiled by Trader T.
BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Wise Origin Bitcoin Fund (FBTC) drove the bulk of the exit — the kind of institutional-scale selling that tends to get dressed up as "profit-taking" before anyone has to explain who exactly is doing the taking.
BlackRock and Fidelity Carry the Weight of the Selloff IBIT shed $61.64 million in net outflows on the day, making it the single largest source of redemptions. FBTC added another $20.19 million in net withdrawals.
Together the two products accounted for the vast majority of the session's $77.44 million total — a concentration worth noting, given that both funds sit among the largest by assets under management in the U.S.
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