Bitcoin ETFs Extend 13-Day Outflow Streak to $4.4B as BTC Falls to $62K

U.S. spot Bitcoin ETFs recorded a 13th consecutive day of outflows on June 3, with $396.6 million redeemed, led by BlackRock’s IBIT ($342.3M) and Fidelity’s FBTC ($54.3M). The streak, which began May 15, has now exceeded $4.4 billion in total redemptions. Bitcoin has fallen nearly 15% since mid-May, trading near $62,000 amid rising Treasury yields and rotation into AI equities. Analysts view the sustained selling as portfolio rebalancing rather than a full institutional exit, though mechanical redemptions continue to exert near-term pressure on spot prices.