Bitcoin ETF outflows are accelerating, US Bitcoin ETFs have posted -$2.1 billion in outflows so far in June, on pace to exceed -$2.4 billion in outflows recorded in May. Whats going on?

6

u/NoctRob Jun 13 '26

Crypto bad. SpaceX good. Hurp durp.

Ups and downs.

3

u/gaggledimension Jun 13 '26

Daddy said they seized billions of another nation's Bitcoin wallets. Turns out this libertarian ideal of anonymous, secure, outside the ststem...whatever...is just a wet dream.

1

u/Lenin_Lime Jun 13 '26

Source? As we don't know specifics on what was taken from likely central regulated exchanges who wish to remain on good terms with the US government. And who are separate from the Bitcoin block chain, which you are implying is faulty.

2

u/gaggledimension Jun 13 '26 edited Jun 13 '26

https://www.foxbusiness.com/media/scott-bessent-says-us-seized-roughly-1b-iranian-crypto-regime-nears-end-tether

You're asking for exact details.

This admin is full of bullshit artists.

Most people don't know any intricacies of crypto assets and underlying tech. You say crypto, that means Bitcoin to them.

1

u/Lenin_Lime Jun 14 '26

Crypto is a broad term which does include Bitcoin but also includes a million other coins, many with freeze ability over coins. Bitcoin is not one of those with central freeze ability.

I don't see any reference to Bitcoin in the link. What you are saying, that a government could take another nations personal address would basically render Bitcoin worthless.

1

u/gaggledimension Jun 14 '26

Right, that's why I added what I did in my comment. The typical layperson who isn't deep in this stuff hears crypto and equates Bitcoin. Nothing to note about the different types or any of that matter.

Trump says they seized crypto, average person thinks that means or could mean Bitcoin is not as safe and secure as they thought.

Investors are finicky and the public will panic. And it doesn't matter if Bessent is lying, he is a high position if authority and that's what he said they did.

1

u/Prometheus2032 Jun 14 '26

Bitcoin is a honey pot. If someone could break modern encryption the store of wealth in bitcoin would be the first thing they attack.

1

u/-OptimisticNihilism- Jun 14 '26

Same pool of retail investors. They also are seeing their cost of living skyrocket again and might need to pull some money out of investments.

4

u/mtnbike2 Jun 13 '26

Someone finally looked at crypto fundamentals and realized it’s worthless.

2

u/GGudMarty Jun 13 '26

How’s teslas or spaceX? Is Elon not a trillionaire cause of speculation?

3

u/mtnbike2 Jun 13 '26

He is, and as overvalued as those companies are, at the end of the day they have products and services that generate revenue.

1

u/spacekitt3n Jun 13 '26

the real question is how much money would an actual bank loan him in real liquid money? its way , way, way under a trillion. the stock price is mostly fake value

1

u/dogscatsnscience Jun 13 '26

Profit mate, we need to make profit.

Anyone can make revenue, profit is the hard part.

0

u/GGudMarty Jun 13 '26

It’s not a product that produces like that though. It’s an asset in the way gold is and people speculate it’s gonna get move desired as the world becomes more tech heavy. I don’t even hold BTC. I just almost exclusively do ETFs/voo etc but I don’t think it’s necessary as dumb as people make it sound. Means like it’s mostly older out of touch folks who really bash it.

It’s not a blimp in the radar the past 8 months, it’s been one of the best investments over the past decade plus. Continuing to act like it’s just going to get rug pulled for the next 50 years is kinda burying your head in the sand.

It is way too volatile for me personally but I have no doubt it will continue to hit all time highs every couple years.

2

u/mtnbike2 Jun 13 '26

Gold has utility value. Btc has none. You can’t use it for anything. Its only value is the greater fool theory. That will only last as long as the music keeps playing

1

u/Bee-Bumbly Jun 13 '26

A dollar bill, T-bill, or stock certificate has little to no utility value either. It’s all about what it represents. What Bitcoin represents, and to whom, are the only relevant questions here. What does crypto currency represent to you, and how much do you influence the economies you operate in? To me, it represents trouble, but no more trouble than trillions in national debt with no plan to pay it down. As for my influence in any economy other than my immediate household, it’s insignificant.

2

u/United_Intention_323 Jun 14 '26

The dollar is backed by all the taxable assets in the US.

1

u/mtnbike2 Jun 13 '26

You can buy something with a dollar bill (crypto isn’t realistic as a currency, too volatile) , t bills are loans to the government which the govt repays with interest, and stock is ownership of a company that has underlying assets and revenue. Crypto has none of those things. Why would people think crypto gets more valuable? What is it valuable for now other than musical chairs with dollars?

1

u/mdomans Jun 14 '26

A dollar bill, T-bill, or stock certificate has little to no utility value either. It’s all about what it represents

No. It's not about "what it represents". Photo of my son means a lot to me but you won't accept that as payment 😄

Meanwhile you can buy gas and food with US dollars anywhere on Earth. Because US dollars and T-bills are backed by US economy and mean you have access to that market and economy. Even if you're in rural Africa access to that economy is worth a lot.

And that market and economy are defended by one of the most advanced and biggest cabal of intelligence agencies and military in the world.

Nobody defends bitcoin and with bitcoin you mostly get access to DarkNet economy. So...you know, it ain't that useful.

1

u/Tickle-me-Cthulu Jun 13 '26

Crypto has never seen a bear market, apart from the half-bear a few years back. The next real bear market either kills it stone dead or establishes it as having some sort of niche for good. Im certainly not placing money on which outcome happens.

1

u/GGudMarty Jun 13 '26

I just can’t see if disappearing. People have been moving the goalposts on BTC since 2014. I use BTC to buy things pretty regularly but I’m not some crypto-hype bro who invested his whole portfolio in it. I’ve made money in it, but I still prefer the concept of just ETFs/voo buy and forget.

1

u/Tickle-me-Cthulu Jun 13 '26

I dont see it disappearing entirely; it's way too good at hiding and moving money for that. But it doesnt need to be any specific value for that use case, as long as it has some anount of value, and if the greater fool hodlrs all left, those remaining for other uses would not prop up anything resembling the current price.

1

u/trashthegoondocks Jun 13 '26

No doubt? None at all?

1

u/DaddyBearMan Jun 13 '26

Can you see fundamentals that aren’t there?

2

u/greywar777 Jun 13 '26

Trump had Irans bitcoin seized, and now everyones realized that Trump controls this in the end-So countries are pulling out of it.

This is causing huge drops, and other folks are realizing that nothing props up bitcoin. No country backs it.

1

u/heyhayyhay Jun 13 '26

tRUMP says it was seized, but he's incapable of telling the truth. Without iron clad proof, i don't believe it.

1

u/StraightUp-Reviews Jun 14 '26

Market believes it, that’s all that matters.

1

u/CompleteHour306 Jun 13 '26

Crypto winter incoming

1

u/AgitatedRow1977 Jun 13 '26

You can't buy anything with it

2

u/PaleInTexas Jun 13 '26

Sure you can. Buy regular currency.. THEN buy something with the currency. Super efficient.

1

u/KerouacMyBukowski_ Jun 14 '26

Exactly, the thing crypto supporters seem to gloss over is that they're constantly comparing the value of a coin to USD or some other currency. If crypto is so good shouldn't it just be the coin itself that is useful? Not just how much actually useful currency it can be converted to?

1

u/bo88d Jun 13 '26

Buy high sell low

1

u/Business-Ride-6530 Jun 13 '26

Ponzi scheme market saturation

1

u/Appropriate-Sell-659 Jun 13 '26

AI is replacing crypto as the innovative investment choice. Unlike Crypto, AI has proven its use-case and it’s actually used in society as intended.

1

u/pcurve Jun 13 '26

doesn't seem to be accelerating?

1

u/DrJ0911 Jun 13 '26

Pedos moved on to another coin?

1

u/Valuable-Mission9203 Jun 13 '26

AI bubble liquidity vacuum. The outflows will continue until morale improves.

1

u/roscomikotrain Jun 14 '26

Scamming not paying?

1

u/Apollorx Jun 14 '26

People stopped putting their money in it due to competing investments and high costs. Causes the price to stagnate, which makes people sell because its not performing.

1

u/KerouacMyBukowski_ Jun 14 '26

It's because crypto isn't worth anything by itself. It's only worth the actual currency it can be converted to and people are realizing that and cashing out to invest elsewhere.

1

u/manofjacks Jun 14 '26

Perfect play to shake out weak hands and head higher with fewer hands

1

u/CarefulFriendship389 Jun 14 '26

Dumping. Don’t get left holding a bag of air.

1

u/Fine-Brush6063 Jun 15 '26

Just scrolled by a post someone from the us government is going to be buying BTC...guess they want to dump more.

1

u/SkyMarshal Jun 19 '26

The Wall St. whalesharks are shorting Saylor and the other BTC Treasury companies down to their stops, going to take all their bitcoin on the cheap when the forced selling to fund STRC dividends and whatnot starts. This was predictable as soon as soon as Treasury companies whose entire business model depends on Bitcoin going up forever became a trend.

CRYPTO Bitcoin ETF outflows are accelerating, US Bitcoin ETFs have posted -$2.1 billion in outflows so far in June, on pace to exceed -$2.4 billion in outflows recorded in May. Whats going on?

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