US spot Bitcoin ETFs recorded a net outflow of $469.0 million during the June 24 session, while spot Ethereum ETFs posted a net outflow of $30.3 million. Negative ETF flows pointed to a cautious institutional demand backdrop.
Risk appetite remained weak across the crypto market. Selling pressure in technology stocks and concerns over liquidity conditions continued to weigh on risk assets, while Bitcoin traded near two-week lows.
FinCEN and other US federal banking agencies issued a joint proposed rule requiring permitted payment stablecoin issuers to maintain customer identification programs under provisions of the GENIUS Act.
Bitcoin was trading near $61,473 and Ethereum near $1,643.64.
The Crypto Fear and Greed Index stands at 18, classified as "Extreme Fear."
