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Bitcoin ETFs sell $519M amid Bitcoin crash to $66K, altcoin ETFs see inflows.

Market News
03 Jun 2026
Benzinga
View Source
Bearish
pluang ai news

Bitcoin spot ETFs experienced a $519 million sell-off on Tuesday as Bitcoin's price dropped to $66,000, marking a significant outflow totaling $5 billion over the past month. Ethereum ETFs also saw $911.75 million in outflows over five weeks, with major sellers including BlackRock and Grayscale. Despite the Bitcoin and Ethereum sell-offs, altcoin ETFs like Hyperliquid, Solana, and Dogecoin attracted fresh capital. The Bitcoin price remains bearish with key resistance levels overhead, and analysts warn of potential further declines if support levels fail to hold.

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