Crypto Stocks Decline as U.S.-Listed Bitcoin ETFs Endure $65M in Outflows

Tiger Newspress06-11

Crypto shares dropped in Tuesday trading.

Riot Platforms down 7%; Marathon Digital down 6%; Microstrategy down 5%; Coinbase Global down 4%; Bitfarms down 3.5%.

Bitcoin fell markedly in Tuesday morning trading after U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded outflows for the first time in weeks.

The original cryptocurrency slumped 3.7% to $66.8K at 9:47 a.m. ET, extending its decline from the recent all-time high of over $73K. Other major tokens changed hands in the green as well, including ether, -3.9%, cardano, -4.1%, solana, -3.7%, and dogecoin, -3.3%.

The retreat in bitcoin comes after U.S.-listed ETFs investing directly in BTC logged cumulative outflows of $64.9M on June 10, the first loss since at least May 23, according to provisional data published by Farside Investors on its website.

The risk-off behavior seen in the equity markets, ahead of key inflation data and the Federal Reserve's interest-rate decision, might also be driving the broader decline in crypto prices.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

RoaR
06-11
RoaR
This mkt is so so manipulated by big guys… they happy to push it up... It goes up.. Wonder if the SEC is able to monitor the flow of money in and out.. Poor guys like us, need to jus go with the waves 🥲🙏

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Marathon Digital down 6%; Microstrategy down 5%; Coinbase Global down 4%; Bitfarms down 3.5%.Bitcoin fell markedly in Tuesday morning ...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"MSTR","symbol_name":"MicroStrategy Incorporated","start_time":0,"source_url":"","article_id":"1138231779","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1138231779","pubTimestamp":1718115650,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Crypto shares dropped in premarket trading.Bitfarms down 4.3%; Microstrategy down 3.7%; Coinbase Global down 3.2%; Marathon Digital down 2.8%; Riot Platforms down 2.7%.Bitcoin and other cryptocurrenci","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"MSTR":"MicroStrategy Incorporated","BTBT":"Bit Digital, Inc.","NCTY":"第九城市","MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc.","CAN":"嘉楠科技"},"translate_title":"美国上市比特币ETF遭受6500万美元资金外流，加密货币股票下跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BTBT":1.1,"CAN":1.1,"COIN":1.1,"MARA":1.1,"MSTR":1.1,"NCTY":1.1},"content_text":"Crypto shares dropped in Tuesday trading.Riot Platforms down 7%; 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Poor guys like us, need to jus go with the waves 🥲🙏","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/315656858800144","repostId":1138231779,"repostType":4,"repost":{"id":"1138231779","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1718115650,"share":"https://www.laohu8.com/m/news/1138231779?lang=&edition=full","pubTime":"2024-06-11 22:20","market":"us","language":"en","title":"Crypto Stocks Decline as U.S.-Listed Bitcoin ETFs Endure $65M in Outflows","url":"https://stock-news.laohu8.com/highlight/detail?id=1138231779","media":"Tiger Newspress","summary":"Crypto shares dropped in premarket trading.Bitfarms down 4.3%; Microstrategy down 3.7%; Coinbase Global down 3.2%; Marathon Digital down 2.8%; Riot Platforms down 2.7%.Bitcoin and other cryptocurrenci","content":"<html><head></head><body><p>Crypto shares dropped in Tuesday trading.</p><p>Riot Platforms down 7%; Marathon Digital down 6%; Microstrategy down 5%; Coinbase Global down 4%; Bitfarms down 3.5%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/aca699cc7ca75c7beb2312ec2c45c598\" tg-width=\"308\" tg-height=\"384\"/></p><p>Bitcoin fell markedly in Tuesday morning trading after U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded outflows for the first time in weeks.</p><p style=\"text-align: left;\">The original cryptocurrency slumped 3.7% to $66.8K at 9:47 a.m. ET, extending its decline from the recent all-time high of over $73K. 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Other major tokens changed hands in the green as well, including ether, -3.9%, cardano, -4.1%, solana, -3.7%, and dogecoin, -3.3%.</p><p style=\"text-align: left;\">The retreat in bitcoin comes after U.S.-listed ETFs investing directly in BTC logged cumulative outflows of $64.9M on June 10, the first loss since at least May 23, according to provisional data published by Farside Investors on its website.</p><p style=\"text-align: left;\">The risk-off behavior seen in the equity markets, ahead of key inflation data and the Federal Reserve&#39;s interest-rate decision, might also be driving the broader decline in crypto prices.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MSTR":"MicroStrategy Incorporated","BTBT":"Bit Digital, Inc.","NCTY":"第九城市","MARA":"Marathon Digital Holdings Inc","COIN":"Coinbase Global, Inc.","CAN":"嘉楠科技"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1138231779","content_text":"Crypto shares dropped in Tuesday trading.Riot Platforms down 7%; Marathon Digital down 6%; Microstrategy down 5%; Coinbase Global down 4%; Bitfarms down 3.5%.Bitcoin fell markedly in Tuesday morning trading after U.S.-listed spot bitcoin exchange-traded funds (ETFs) recorded outflows for the first time in weeks.The original cryptocurrency slumped 3.7% to $66.8K at 9:47 a.m. ET, extending its decline from the recent all-time high of over $73K. Other major tokens changed hands in the green as well, including ether, -3.9%, cardano, -4.1%, solana, -3.7%, and dogecoin, -3.3%.The retreat in bitcoin comes after U.S.-listed ETFs investing directly in BTC logged cumulative outflows of $64.9M on June 10, the first loss since at least May 23, according to provisional data published by Farside Investors on its website.The risk-off behavior seen in the equity markets, ahead of key inflation data and the Federal Reserve's interest-rate decision, might also be driving the broader decline in crypto prices.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":13,"commentSize":1,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1138231779"}