The US-based Bitcoin ETF saw net outflows of $4.5 billion in June, marking its worst monthly performance since its inception.

According to Odaily Planet Daily, the US spot Bitcoin ETF saw a net outflow of $4.5 billion in June, its worst monthly performance since its launch in January 2024. Bitcoin fell 20.48% in June, hitting a 21-month low of $58,190 on July 1. Citigroup lowered its 12-month price target for Bitcoin from $112,000 to $82,000, following a previous reduction from $143,000 on March 17. Citigroup also lowered its 12-month price target for Ethereum from $3,175 to $2,240. Strategy sold 32 Bitcoins, worth approximately $2.5 million, between May 26 and 31, its first sale since December 2022. As of May 31, it held 843,706 Bitcoins, and its board approved a framework for a Bitcoin sale of up to $1.25 billion. Open interest in leveraged Bitcoin futures contracts fell from approximately $31.3 billion around May 30 to approximately $21.6 billion in early June. Major holders added over 270,000 Bitcoins in two weeks.