U.S. spot Bitcoin ETFs recorded $223 million in net outflows on June 30, while spot Ethereum ETFs saw approximately $28 million in net outflows.
Spot Bitcoin ETFs ended June with a record $4.51 billion in net outflows, while Ethereum ETFs lost approximately $530 million during the month.
Bitcoin fell around 20% in June and closed the month below $60,000, as institutional selling, tighter Federal Reserve expectations and geopolitical uncertainty continued to pressure demand.
Taiwan passed its first comprehensive crypto law, introducing mandatory licensing for crypto businesses and stablecoin issuers, reserve requirements and penalties for fraud and market manipulation.
The U.S. Securities and Exchange Commission opened a 60-day public consultation on the regulatory treatment and registration process for ETFs investing in innovative asset classes and strategies.
Visa, Mastercard, Stripe, Coinbase, BlackRock and more than 140 other companies backed Open USD, a new stablecoin designed for global payments that will share reserve income with participating businesses.
Bitcoin is trading around $58,738, while Ethereum is trading around $1,576.
The Fear and Greed Index stands at 11, indicating extreme fear in market sentiment.
