Key facts
- U.S. spot bitcoin ETFs recorded $326 million in net outflows on June 5.
- U.S. spot ether ETFs lost $5.97 million on June 5.
- Outflows resumed after a brief period of inflows.
- Bitcoin (BTC) price fell to $59,000.
- Ether (ETH) price slid toward $1,500.
U.S. spot bitcoin exchange-traded funds (ETFs) experienced $326 million in net outflows on June 5. Concurrently, U.S. spot ether ETFs saw outflows totaling $5.97 million. These redemptions resumed selling pressure on the digital asset market, occurring just a day after both types of ETFs had broken streaks of outflows. The price of Bitcoin (BTC) fell to $59,000, while Ether (ETH) slid toward $1,500 amidst these outflows.