From Cointelegraph

June 6, 2025 4:10:00 am:

Bitcoin exchange-traded funds (ETFs) in the US saw outflows of $278 million on June 5 due to worsening sentiment linked to the Trump-Musk feud. The Cryptocurrency Fear & Greed Index shifted from “Greed” to “Fear” on June 6. Tesla shares dropped 14%, and Trump Media shares fell 8% in response.

US spot Bitcoin ETFs faced outflows of $1.2 billion from May 29 to June 2, with a further $278 million outflow on June 5. Global Bitcoin exchange-traded products also saw outflows, while Ether ETPs attracted $321 million in inflows.

ARK Invest’s ARK 21Shares Bitcoin ETF (ARKB) led the exodus on June 5 with $102 million in outflows. Ether ETFs, on the other hand, continued to see inflows, with US spot Ether ETFs receiving $11.3 million on June 5, marking 14 consecutive days of inflows.

Amid the Trump-Musk feud, Ether ETPs have been attracting attention due to improving network fundamentals. BlackRock, the largest crypto ETF issuer, purchased $50 million worth of Ether on June 3.

Read more at Cointelegraph: Bitcoin ETFs Hit With $278 Outflows Amid Trump-Musk Feud