1047 ET - Institutional investment in bitcoin ETFs has been on a streak of sizable outflows, according to data from Coinglass. On Friday, $125.3 million moved out of bitcoin ETFs, continuing a streak of outflows dating back to the middle of May. The weakness being seen while equities markets keep powering higher has investors thinking that the link between crypto and equities has eroded. Over $3 billion has been taken out of bitcoin ETFs in the past three weeks, says analysts with Bitfinex in a note. "The market became increasingly vulnerable to distribution-led selling pressure," says the firm. BTC is down 2.9% to $71,535, while ethereum falls 1.8% to $1,967. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
June 01, 2026 10:47 ET (14:47 GMT)
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