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Bitcoin ETF Outflows, Miners Pivot to AI & Strategy's First Sell Since 2022
Audio is available on Spreaker — see link below.
Bitcoin ETF outflows hit $3.1B year-to-date as institutional capital rotates into AI infrastructure — and Strategy Inc. just broke its four-year HODL. Today's briefing covers the structural forces reshaping crypto markets right now.
Audio is available on Spreaker — see link below.
Three point one billion dollars. That's how much has left US spot Bitcoin ETFs year-to-date, with two point seven billion of it flowing out in just the single week ending June fifth.
There's a near-term accelerant worth watching. The SpaceX IPO is expected on June twelfth.
The miner story has moved from speculative to structural. Public Bitcoin miners have now announced over seventy billion dollars in cumulative AI infrastructure contracts.
Strategy Incorporated sold thirty-two Bitcoin on June first for two point five million dollars to fund preferred stock dividends. That's the first net treasury sale since twenty twenty-two.
Ethereum is telling a different story, though not a comfortable one. The ETH staking rate hit thirty-two point four percent of total supply on June fifth, with steady daily inflows of around fifty thousand four hundred seventy-six ETH.
The two things that matter most coming out of today's briefing: watch whether ETF outflows stabilize or accelerate through the SpaceX IPO window, and watch Strategy Incorporated's preferred stock closely. If STRC continues de-anchoring, it's an early indicator that more Bitcoin selling follows.
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