Bitcoin ETF outflows are accelerating: US Bitcoin ETFs have posted -$2.1 billion in outflows so far in June, on pace to exceed -$2.4 billion in outflows recorded in May. This has been driven by the largest spot Bitcoin ETF, IBIT, which saw -$401.4 million in outflows this week, the 5th consecutive weekly outflow and the longest streak since October 2025. During this outflow stretch, IBIT has recorded -$4.2 billion in cumulative withdrawals. Year-to-date, IBIT has recorded -$412.4 million in net outflows, a reversal from 2 consecutive years of massive inflows. In 2024 and 2025, this fund attracted +$36.8 billion and +$24.8 billion, respectively. Crypto investor sentiment remains under pressure.(The Kobeissi Letter)