US Bitcoin ETFs see largest monthly outflow of $4.51B amid rising AI stock demand

US spot Bitcoin ETFs experienced their largest monthly cash outflow since inception, totaling $4.51 billion in June, reducing their net asset value to about $70.95 billion. BlackRock's iShares Bitcoin Trust led the outflows with $3.55 billion withdrawn in June, while Fidelity's Bitcoin fund also saw significant outflows. These withdrawals coincided with strong investor interest in AI stocks and SpaceX's IPO. Despite a 19% drop in Bitcoin's price over 30 days, whale investors have been accumulating, suggesting a potential price rebound if ETFs start buying again.