Crypto Markets Plunge as Bitcoin ETFs Post Sixth Straight Day of Outflows

Crypto markets experienced a broad selloff on Thursday, June 25, as Bitcoin ETFs posted their sixth consecutive day of outflows. According to data from MEXC Exchange, redemptions reached $696 million in a single day. This comes amid a decline in crypto ETF flows, which have deteriorated sharply.

The decline is not limited to Bitcoin ETFs alone; Ether funds also saw significant exits. HYPE and Solana ETFs joined the selloff, with HYPE funds turning negative after weeks of inflows. The pressure on these assets has been building up over time, but the pace of redemptions accelerated significantly on Thursday.

While specific reasons for the decline are not mentioned in the source, it is clear that investors have become increasingly risk-averse in recent days. This shift in sentiment has had a ripple effect across the market, causing prices to drop and investor confidence to wane.