Spot Bitcoin ETFs Post Record 13-Day Run of Net Outflows, Says Galaxy Research

Galaxy Research reported that spot Bitcoin ETFs logged a record 13 straight sessions of net redemptions from May 15 through June 3. Total outflows over the period reached $4.33 billion, roughly 59,351 BTC. The firm said the latest bout of selling pressure is the strongest on record, with rolling net outflows over 7 days ($2.78 billion), 10 days ($3.06 billion) and 20 days ($5.42 billion, or 73,080 BTC) each setting new highs for their respective time frames.