CoinDesk·4 min read·medium
Troubles for bitcoin ETFs and private credit funds suggest rising market risks
O
Omkar Godbole
✦AI Summary
Investors are pulling capital from both spot bitcoin ETFs and private credit funds, signaling a broader retreat from risk-on assets. Analysts suggest this liquidity crunch is driven by a lack of monetary buffers and a shift in institutional interest toward AI and other high-profile market opportunities.
Investors yanked out $4 billion from U.S.-listed spot bitcoin ETFs, led by BlackRock’s IBIT in June alone, according to data source SoSoValue. The market felt the heat as bitcoin's BTC $ 63,326.04 price fell roughly 14% in the second quarter, dipping below $60,000 to register its third straight quarterly loss.
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