PANews reported on June 2nd that, according to The Block, US spot Bitcoin ETFs have seen outflows for 11 consecutive trading days after recording a net outflow of $2.4 billion in May. On Monday, Bitcoin ETFs saw a net outflow of $484 million, with BlackRock's IBIT experiencing an outflow of $440 million. Only Morgan Stanley's MSBT saw a net inflow of $6.14 million that day. The cumulative net outflow over the past 11 trading days has reached $3.45 billion, with May's net outflow of $2.43 billion being the largest monthly outflow since November 2025.

Bitrue researcher Andri Fauzan Adziima stated that the May ETF outflows were driven by rising inflation, higher Treasury yields, and cooling expectations of interest rate cuts, with institutions shifting funds from crypto ETFs to AI-related stocks. The current negative trend is a cautious risk-averse move rather than a rejection of Bitcoin. Adziima also attributed the Bitcoin decline to ongoing US-Iran tensions and Strategy's first BTC sale in years, stating that the timing of Strategy's potential sale announcement was poor and undermined the company's "buy and hold" narrative.