U.S. spot Bitcoin ETFs saw $519.1 million in net outflows on June 2, while spot Ethereum ETFs saw $90.2 million in net outflows.
Bitcoin fell below $70,000 as ETF outflows deepened, marking the latest leg of a record redemption streak across U.S. spot Bitcoin funds.
Crypto derivatives markets saw heavy liquidations after Bitcoin briefly dropped below $68,000, with nearly $400 million in leveraged positions wiped out in under an hour.
Strategy disclosed that it sold 32 BTC worth about $2.5 million to fund preferred stock dividend obligations, marking its first Bitcoin sale since 2022.
Ethereum fell below $1,900 as broad risk-off sentiment, ETF redemptions and weak market structure continued to weigh on the asset.
Bitcoin is trading around $66,950, while Ethereum is trading around $1,878.
The Fear and Greed Index stands at 26, indicating fear in market sentiment.
