Illustration of Bitcoin price dropping below 60,000 with charts and outflow visuals for a news article on crypto market decline.
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Bitcoin falls below $60,000 amid ETF outflows and weak demand

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Bitcoin dropped below $60,000 on June 24 as exchange inflows, spot ETF outflows and leveraged long liquidations intensified selling pressure.

BlackRock’s iShares Bitcoin Trust saw $1.30 billion in outflows during the week of June 22-26. The fund accounted for nearly three-quarters of total US spot Bitcoin ETF exits that period. Bitcoin traded near $60,000 at the time of the data release.

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BlackRock debuted its iShares Bitcoin Premium Income ETF, known as BITA, on Nasdaq on June 16. The fund provides Bitcoin exposure through a covered call strategy designed to generate monthly income. It trades alongside the firm's larger spot Bitcoin ETF, IBIT.

SBI Group intends to launch Bitcoin and Ethereum ETFs in Japan following expected regulatory changes. The initiative targets the country's vast household savings pool through familiar brokerage and tax-advantaged channels.

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Bitcoin climbed above $82,000 on May 6, driven by reports of easing tensions between the United States and Iran. Oil prices fell sharply as President Donald Trump paused a military operation in the Strait of Hormuz. The move triggered more than $200 million in short liquidations.

The Motley Fool has published an analysis questioning if the YieldMax MSTR Option Income Strategy ETF represents an underrated opportunity in the crypto space. The ETF is noted for its substantial yield and exclusive focus on Strategy Inc. This comes amid ongoing interest in cryptocurrency-related investments.

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The Bitwise Crypto Industry Innovators ETF offers a way to invest in the cryptocurrency sector. This fund presents potential rewards but requires investors to grasp its holdings. The Motley Fool highlights three key aspects for 2026.

 

 

 

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