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Amid sustained institutional selling pressure on crypto ETFs, Bitcoin ETFs recorded $231 million in outflows on June 29, according to reports. The iShares Bitcoin Trust (IBIT) led the day with $300.4 million in outflows. Ethereum ETFs simultaneously posted $29.9 million in outflows during the same session.
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Sign InThis extends the outflow streak to five consecutive days, totaling $1.95 billion, reflecting continued selling by institutional investors. Per market data, IBIT closed at $34.18 on June 29, trading in a range between $33.33 and $34.33. The outflows come amid broadly weak sentiment toward digital assets.
Investors are monitoring whether the outflow trend persists and its potential impact on Bitcoin and Ethereum prices. No immediate direct calendar catalysts are present for the sector, but the focus remains on institutional flow direction and any regulatory commentary that could shift sentiment. The $33.33 support level (June 29 low) serves as a key watch point for IBIT.