The United States discovers Bitcoin (Bitcoin(Exchange-traded funds)ETFs) They ended their longest losing streak in 2026.
After recording a net cash outflow of $4.367 billion between May 15 and June 3, US BTC ETFs closed on June 4 with a net outflow of about $3.05 million, according to Data from SoSoValue. As such, US Bitcoin ETFs had $80.40 billion in total assets under management at the time of this report.
The shift in US BTC ETFs was influenced by BlackRock’s iShares Bitcoin Trust (He will go). After recording a net cash outflow of approximately $47.66 million. As such, BlackRock’s IBIT holds approximately $49.36 billion in total assets.
Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) reported a net cash outflow of $5.54 million on Thursday, thus recording 14 straight days of losses. At the time of writing, FBTC had assets worth approximately $11.46 billion.
What’s next for Bitcoin price?
Over the past few years, the price of Bitcoin has followed the performance of US BTC ETFs. For example, Bitcoin’s price failed to rise above $82,000 last month, capitulating at around $60,762 on Friday, as U.S. Bitcoin ETFs recorded nearly two straight weeks of outflows.
From a technical analysis standpoint, Bitcoin price retested its February lows at around $60,000 in early June after capitulating. If US-based Bitcoin ETFs continue to accumulate more Bitcoin, a potential recovery could emerge. However, if BlackRock’s IBIT leads other ETF issuers in distribution, a sale at $52,000 may be inevitable, according to analysis Shared by Axel Kibar, former fund manager.
