Bitcoin ETFs Resume Heavy Outflows as BTC Falls Below $60K

U.S. spot Bitcoin ETFs swung back to net outflows on June 5 with $325.66 million exiting, led by BlackRock’s IBIT after a brief $2.69–3.05 million inflow pause on June 4–5. The reversal caps a $4.7 billion outflow streak since May 15 as Bitcoin fell from above $79,000 to a low of $59,353 amid hotter jobs data and shifting rate expectations. Capital rotated into AI-linked tokens such as HYPE while MicroStrategy’s first sale of 32 BTC since 2022 added symbolic pressure, though Morgan Stanley’s MSBT continued accumulating holdings.