Bitcoin slips as spot ETF outflows hit BlackRock, Fidelity, $60,000 level in play
Bitcoin hovered near $60,000 Friday, moving up after a dip to the high-$58,000s earlier in the day. The price was showing $60,033, up $891 for the session, with the day's low at $58,319 and the top at $60,621. But traders focused less on the spot price and more on who was selling. U.S. spot bitcoin ETFs posted $691.7 million in outflows on June 25, following $469.0 million out the day before, according to Farside Investors. BlackRock’s iShares Bitcoin Trust and Fidelity Wise Origin Bitcoin Fund saw $900.3 million go out over those two days, more than three-fourths of the $1.16 billion lost overall, Farside’s numbers show.