Bitcoin tanks to $74,300 as spot ETFs bleed $2.26 billion in two weeks

U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks. What to know : Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets. U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks. Speculative capital focuses on commodities exposed to potential supply disruptions and to pre-IPO bets on SpaceX.