Bitcoin ETFs Face $1.2 Billion Outflows as Market Awaits European Retail Approval

US-listed spot Bitcoin ETFs have experienced a third consecutive day of outflows, totaling over $1 billion, as Bitcoin’s price struggles to break significantly above $105,000. This stagnation has prompted institutional investors to reduce risk, with net outflows reaching $268 million on June 2 alone, according to SoSoValue data. Despite the outflows, BlackRock’s IBIT remains a dominant player, ranking among the top 25 ETFs in the US with $72 billion in assets. The current BTC price stands at 105,952.40 USDT. Meanwhile, the cryptocurrency market is closely watching for potential approval of Bitcoin ETFs for European retail investors, which could bring fresh capital and renewed momentum to the market. Analysts suggest that while short-term volatility persists, the long-term outlook for Bitcoin remains bullish, especially with increasing institutional adoption and regulatory developments globally.

US Bitcoin ETFs See $1.2 Billion Outflows as European Retail Approval Looms

US-listed spot Bitcoin ETFs have recorded a third straight day of outflows, shedding over $1 billion amid stagnant price action. Bitcoin’s failure to break meaningfully above $105,000 has triggered institutional risk reduction, with SoSoValue data showing $268 million in net outflows on June 2 alone.

BlackRock’s IBIT maintains dominance despite the exodus, ranking among America’s top 25 ETFs with $72 billion in assets. At just 1.4 years old, IBIT’s rapid ascent highlights institutional crypto adoption even during consolidation phases.

Markets React to OECD Growth Outlook as Bitcoin Bucks Trend

U.S. equities showed mixed performance after the OECD slashed its global growth forecast, with the Dow Jones Industrial Average dipping 41 points while the Nasdaq Composite climbed 0.35%. The muted reaction follows May’s tariff-driven volatility, with all major indices still posting monthly gains.

Bitcoin defied the slight risk-off sentiment, rising 1.66% as bulls defended the $105k level after briefly testing $103,700. The cryptocurrency’s resilience stands in contrast to traditional assets, with Treasury yields declining and Gold surrendering earlier gains.

The Paris-based OECD now projects global growth slowing to 2.9% in 2025-2026, with U.S. GDP expansion nearly halving from 2.8% this year to 1.6% next. "The global economy has shifted from resilient growth to fragile footing," the report suggests, citing persistent inflation and trade tensions.

K33 Initiates Bitcoin Treasury Strategy with 10 BTC Purchase

Norwegian digital asset brokerage K33 has made its first bitcoin acquisition under a newly launched treasury strategy, purchasing 10 BTC for approximately SEK 10 million. The Oslo-based firm, listed on Nasdaq First North Growth Market, aims to scale its holdings to at least 1,000 BTC over time.

The MOVE follows a SEK 60 million capital raise from insiders and aligned investors, including Klein Group and Modiola AS. CEO Torbjørn Bull Jenssen framed the strategy as a long-term bet on Bitcoin’s role in global finance: "Our ambition is to build a balance of at least 1,000 BTC and then scale from there."

K33’s treasury purchase reflects growing institutional adoption trends, with public companies increasingly adding Bitcoin to balance sheets as a strategic asset. The transaction was funded through a recent share issuance that could unlock an additional SEK 75 million if warrants are exercised by March 2026.

Riot Platforms Reports Surge in Bitcoin Production and Expands into AI Infrastructure

Riot Platforms (RIOT) mined 514 BTC in May, marking an 11% monthly increase and a 139% annual surge. The company sold nearly all newly minted bitcoin at an average price of $102,591 per token, generating $51.3 million in revenue.

Computing power reached 35.4 exahashes per second, up 5% from April, while energy efficiency improved to 21.2 joules per terahash. The Texas-based miner acquired 355 acres NEAR its Corsicana facility for hyperscale data center development, signaling a strategic pivot toward AI and high-performance computing markets.

Newly appointed Chief Data Center Officer Jonathan Gibbs will lead the infrastructure expansion. RIOT shares gained 3.4% following the announcement, reflecting investor Optimism about the dual-track strategy of bitcoin mining and enterprise computing.

Bitcoin Market Stability Precedes Potential $200K Surge by 2025

Bitcoin has maintained a steady trading position above $100,000 for nearly a month, showcasing unusual stability for the volatile cryptocurrency. While some market participants find this phase uneventful, analyst Bitcoin Dad labels it as "boring" yet remains bullish, projecting a rise to $200,000 by the end of 2025.

A minor retracement from $110,000 to $104,000 over the past week has shifted focus toward long-term growth rather than short-term fluctuations. Bitcoin Dad’s analysis emphasizes that the current calm is a consolidation phase, with the asset’s upward trajectory rooted in "math, patience, and research" rather than speculation.

A rally to $200,000 WOULD require a 92% surge from current levels, potentially elevating Bitcoin’s market capitalization to nearly $4 trillion. Such a move would reaffirm its dominance in the digital asset space.