Bitcoin ETF Sees $12M Outflow Amid Crypto Market Volatility

Invesco's Invesco Galaxy Bitcoin ETF (BTCO) saw a notable outflow of $12.65 million on June 5, marking a 3.14% reduction in its assets under management.

The withdrawal comes as the related asset, BTC-USD, is trading at $64,534.54 after a 10.9% decline over the past three months.

This slump underscores the fragile sentiment around flagship tokens, with short-term momentum remaining weak and a one-day technical reading flashing 'Sell'.