US Spot-Bitcoin ETFs Post $91.4 Million in Net Outflows as Pace Slows

US spot-Bitcoin exchange-traded funds continued to post outflows, though the pace of withdrawals slowed from the heavy selling seen in recent days.

Walter Bloomberg data showed US spot-Bitcoin ETFs recorded net outflows of $91.4 million on June 9.

That marked a slowdown from the roughly $300 million to $500 million in daily net outflows seen recently. Even so, the overall outflow trend remained in place.

Bitcoin fell 1.9% over the same period to $62,257.

Other major cryptocurrencies, including Ether, XRP and Solana, also weakened.

The pullback came amid a period of increased volatility in the crypto market that has persisted since mid-May.

Market participants say spot ETF outflows, weaker risk appetite and macroeconomic uncertainty have weighed on digital assets more broadly.

Some analysts are focusing on the slowdown in ETF outflows, raising the possibility that selling pressure from institutional investors may gradually ease.