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Crypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help.
Key takeaways
- Bitcoin BTC$62,945.93 is back above $63,000, but what happened in exchange-traded funds (ETFs) last week rings a note of caution.
- As the price fell toward $60,000, the 11 U.S. spot ETFs recorded $1.72 billion in net outflows, marking a third straight week of accelerating redemptions.
- Compare that with the first week of February, when bitcoin suffered a similar crash to $60,000.
Stronger ETF inflows would help.Your day-ahead look for June 8, 2026By Omkar Godbole|Edited by Sheldon Reback Jun 8, 2026, 11:24 a.m. 3 min read Make preferred on Forthcoming IPOs may lighten fund flows into crypto markets. (Coin Desk Archives)What to know: This is an excerpt from Coin Desk newsletter 'Daybook.' Sign up here, if you haven't already.
Bitcoin BTC$62,945.93 is back above $63,000, but what happened in exchange-traded funds (ETFs) last week rings a note of caution.
As the price fell toward $60,000, the 11 U.S. spot ETFs recorded $1.72 billion in net outflows, marking a third straight week of accelerating redemptions. That happened on the total weekly volume of just $18.43 million, according to data from SoSovalue.
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