Galaxy Research data show that the United States' spot in bitcoin ETF combined net outflows of $6.35 billion over the past 30 days, the worst monthly performance since the launch of this product. This rotation took the lead in the 582 rolling 30-day cycle tracked by the Agency, indicating a significant recent withdrawal of agency funds from bitcoin investment products.

IBIT first out of size.

Sub-products, the IBIT under the Beled flag for the past 30 days net out of 45.1 billion dollars, is the largest out-of-the-bitcoin spot. During the same period, Morgan Stanley ' s MSBT received a net inflow of $1.25 billion, which was relatively prominent in key products.

During this period, there was also a marked fall in the price of bitcoin, from about $76,000 at the beginning of May to about $64,000 at the time of delivery. According to the data quoted, the decline in prices coincided with the outflow of ETF funds, weakening the short-term buyout support of Bitcoin.

Synchronize pressure with ETF

In addition to bitcoin, the ETF in the United States has recorded a net outflow of $1,149 million over the past 30 days. Of these, Belet ' s ETHA had the largest outflows, Fuda ' s FETH received more net inflows, and product differentiation persisted.

But other encrypted assets, ETF, are not consistent. SoSo Value data show that Solana ETF received $133.3.4 million in net inflows over the same period, and both XRP ETF and HYPE ETF recorded inflows.

Franklin submitted a new product application.

At a time when the existing Bitcoin ETF has weak financial performance, Franklin Templeton has submitted a new product application to the United States Securities and Exchange Commission for the launch of Franklin US Equality Bitcoin DRIP Index ETF.

According to the disclosure, the product plans to track VettaFi US Large-Cap 500 Bitcoin DRIP Index, the core design being the conversion of stock dividends into bitcoins. New applications show that, despite the recent apparent withdrawal of funds, distribution agencies continue to expand the ETF product line associated with bitcoin.