Here’s why bitcoin ETF outflows may have little to do with SpaceX mania
Bitcoin BTC$62,958.25 exchange-traded funds (ETFs) have suffered nearly $5.75 billion of outflows since mid-May, fueling speculation that institutional investors are cashing out of crypto to prepare for the highly anticipated SpaceX IPO. The selling pressure drove bitcoin to a 2026 low below $60,000 in the first week of June, more than 50% below its all-time...
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