Bitcoin Spot ETFs See $4B Outflows in June Amid Market Risk-Off Sentiment

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According to CoinDesk, Bitcoin spot ETFs saw net outflows of approximately $4 billion in June, with major products including BlackRock's IBIT experiencing significant withdrawals. Concurrently, the private credit market faced $15.6 billion in redemption requests in the second quarter, with 10 out of 16 surveyed business development companies exceeding typical quarterly redemption limits. Fitch noted this exceeded the standard 5% of net asset value threshold. Analysts at Singapore-based QCP Capital observed that simultaneous outflows across both markets signal weakening market resilience amid risk-averse investor sentiment.
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