Invest ideasNews
5 Jun 2026, 16:01
Bitcoin spot ETFs end 13 days of cash outflows
The United States spot Bitcoin ( BTC ) exchange-traded funds ( ETFs ) have ended their longest losing streak in 2026. After recording a net cash outflow of $4.367 billion between May 15 and June 3, the U.S. spot BTC ETFs closed June 4 with a net inflow of approximately $3.05 million, according to data from SoSoValue . As such, the U.S. spot Bitcoin ETFs had $80.40 billion in total assets under management at the time of reporting. Spot BTC ETFs daily cash flows. Source: SoSoValue The shift in U.S. spot BTC ETFs was influenced by BlackRock’s iShares Bitcoin Trust ( IBIT ). After registering a net cash outflow of roughly $47.66 million. As such, BlackRock’s IBIT held around $49.36 billion in total assets. IBIT daily cash flow. Source: SoSoValue Meanwhile, Fidelity Wise Origin Bitcoin Fund ( FBTC ) reported a net cash outflow of $5.54 million on Thursday, hence hitting 14 consecutive days of losses. At press time, FBTC held assets worth about $11.46 billion. What’s next for Bitcoin price? Over the past few years, Bitcoin price has followed the performance of U.S. spot BTC ETFs. For instance, BTC price failed to rally above $82,000 last month, leading to a capitulation to around $60,762 on Friday, as U.S. spot BTC ETFs recorded nearly two consecutive weeks of outflows. BTC/USD 1-week chart. Source: TradingView From a technical analysis standpoint, Bitcoin’s price retested its February lows around $60,000 in early June following its capitulation. If U.S. spot BTC ETFs continue to accumulate more Bitcoin, a potential rebound could emerge. However, if BlackRock’s IBIT leads other spot ETF issuers in distribution, a sell-off to $52,000 could be inevitable, as per analysis shared by Aksel Kibar, an ex-fund manager. The post Bitcoin spot ETFs end 13 days of cash outflows appeared first on Finbold .
5 Jun 2026, 16:01
Memecoins dogecoin, shiba inu dive 9% as bitcoin nears $60,000
Dogecoin and Shiba Inu led losses among major tokens as heavy volume and liquidations overwhelmed support levels, extending a broader risk-off move across crypto markets.
5 Jun 2026, 15:57
Bitcoin Crashes Near $60,000: $62B In Treasuries Erased, Analyst Sees Potential Bottom Ahead
Bitcoin (BTC) extended its decline on Friday, sliding to levels not seen since early February, leaving the broader market under renewed pressure and deepening bearish sentiment. Since reaching its all-time high of $126,000 last October, Bitcoin is now down roughly 52%, reinforcing the sense that the sell-off is more than a short-term dip. Bitcoin Treasury Stocks Fall From $134B To $72B While traditional market weakness has been part of the story, whale activity has also played a major role in the most recent drop. One of the clearest signals that unnerved traders came from Strategy (MSTR). Related Reading: XRP Price Falls To 4-Month Lows—Charts Signal Sell, On-Chain Data Turns Bearish As previously reported by NewsBTC, Strategy sold Bitcoin for the first time in nearly four years. The company offloaded 32 BTC for approximately $2.5 million—an amount that may look small compared with overall market volumes. However, the real impact has been psychological. Watching the largest Bitcoin public holder and the face of the “never sell” narrative break that behavior sent a shockwave through crypto sentiment. The broader market’s reaction has been visible in equity-linked crypto holdings as well. Artemis data cited by Bloomberg shows that the combined market value of fully diluted Bitcoin treasury company stocks has fallen to about $72 billion, compared with nearly $134 billion at the most recent peak in early October. That means roughly $62 billion has been erased during the downturn. Support Could Form Between $54,000 And $50,000 Hayden Hughes, managing partner at Tokenize Capital, said the current environment forces difficult choices for these digital-asset treasuries. In his view, once prices unwind, companies face a stark decision: either default on their debt obligations or sell assets. Hughes added that this kind of forced selling damages the market’s earlier assumption that Bitcoin treasury holders would behave like permanent “buy and hold” participants. When that expectation breaks, sentiment can deteriorate quickly, making rebounds less likely under these conditions. Related Reading: Coinbase Reveals First Mortgage With Bitcoin Collateral Under Fannie Mae Coverage Market analyst Ali Martinez recently posted on X (formerly Twitter) that Bitcoin is approaching a market bottom. Martinez identified the MVRV Pricing Bands as a useful framework for determining where support could emerge. He stated that the next significant support level is between $54,000 and $50,000, which could serve as a floor for the cryptocurrency. However, this would require an additional 17% retracement from current trading levels of $60,444. Featured image created with OpenArt; chart from TradingView.com
5 Jun 2026, 15:43
Bitcoin teases 'seller exhaustion' as BTC price downside reaches $60.3K
Bitcoin sellers were losing steam, market analysis said as ongoing BTC price downside brought the market closer to $60,000.
5 Jun 2026, 15:43
Grayscale Warns Strategy Pressure May Fuel Bitcoin Market Volatility
Grayscale Head of Research Zach Pandl said pressure on Strategy’s leveraged Bitcoin accumulation model is adding volatility to the wider BTC market after the company disclosed the sale of 32 Bitcoin on June 1. The sale was small compared with Strategy’s overall holdings, but it changed market sentiment because the company has long been viewed as Bitcoin’s largest corporate buyer. Strategy holds more than 818,000 BTC and is often described as holding roughly 840,000 BTC, with the position valued near $55 billion at recent prices. Source: X The company’s Bitcoin cost basis is estimated to be around $61.8 billion to $63.8 billion, with an average purchase price of $75,500 to $75,700 per BTC. With Bitcoin trading near or below $62,000, Strategy is facing an unrealized loss estimated between $11 billion and $12 billion. Strategy’s 32 BTC Sale Draws Market Focus Grayscale said the sale of 32 BTC helped spark a fresh round of volatility because it raised questions about Strategy’s ability to keep buying Bitcoin at the same pace. The amount sold was minor, but the action stood out because Strategy had become known for long-term accumulation rather than selling. Peter Schiff also commented on the sale, arguing that Strategy’s years of buying more than 840,000 BTC helped push Bitcoin higher and that any shift in the company’s approach can affect market confidence. Schiff said Strategy is now the largest Bitcoin buyer and the largest Bitcoin loser, referring to its current paper loss. Strategy’s stock has also remained under pressure. Market commentary showed MSTR trading as a leveraged proxy for Bitcoin, with a beta near 1.77. The company has previously targeted ownership of 1 million BTC by the end of 2026, which would require the purchase of roughly 180,000 more BTC depending on the final reported balance. STRC Price Adds Pressure to Treasury Model The focus has shifted to Stretch, Strategy’s variable-rate perpetual preferred equity instrument, which trades under STRC. The product is designed to trade around $100 per share and currently pays an 11.5% dividend. STRC has recently traded below $100, meaning investors are demanding a higher return. If Strategy raises the dividend to support the preferred share price, its future cash-flow obligations would increase. Grayscale said that could make the company’s financing model more difficult and may increase the risk of additional Bitcoin sales. The concern is that higher dividend obligations could reduce Strategy’s ability to issue preferred equity efficiently and continue buying BTC. At current MSTR and STRC share prices, Grayscale said Strategy’s ability to accumulate more Bitcoin appears more limited than before. Critics have also raised concerns about a dividend burden that could exceed $1 billion annually if preferred stock obligations keep expanding. Supporters of the model argue that Strategy still has access to capital markets and that Bitcoin volatility is part of the company’s long-term strategy. Digital Asset Treasury Losses Broaden The pressure on Strategy comes as other digital asset treasury firms face large unrealized losses. Market data cited by traders showed Strategy down about $11.07 billion on BTC, Bitmine down about $9.58 billion on ETH, SharpLink down about $1.59 billion on ETH, Metaplanet down about $1.38 billion on BTC and Forward Industries down about $1.13 billion on SOL. Grayscale said the long-term health of Bitcoin may benefit from less BTC being concentrated on leveraged digital asset treasury balance sheets and more being held across diversified corporate balance sheets. The firm also said additional buyers may be needed before Bitcoin can form a sustainable bottom. Bitcoin has also faced pressure from weak ETF flows, lower liquidity and capital rotation into artificial intelligence stocks. Michael Saylor has said recent weakness reflects capital moving into AI infrastructure rather than a change in Bitcoin’s long-term outlook. Grayscale still expects Bitcoin to recover over the coming months, but it said BTC may lag other crypto market segments that benefit more directly from regulatory clarity in the near term.
5 Jun 2026, 15:40
Bitmine Expands Preferred Stock Offering to Raise $273.8M After Massive ETH Losses
BitcoinWorld Bitmine Expands Preferred Stock Offering to Raise $273.8M After Massive ETH Losses Bitmine, a cryptocurrency mining and investment firm, has announced an expansion of its Series A perpetual preferred stock offering, aiming to raise approximately $273.8 million. The decision comes as the company grapples with substantial losses from its Ethereum (ETH) investments, reportedly totaling around 15 trillion won, or roughly $11.5 billion. Details of the Expanded Stock Offering According to a report from Foresight News, Bitmine will increase the number of shares in its Series A perpetual preferred stock offering from three million to 3.5 million shares. The additional capital is intended to be used for purchasing ETH and making other strategic investments. Perpetual preferred stock, which has no maturity date, offers investors a fixed dividend and can be a flexible tool for companies seeking long-term capital without diluting common equity as much as a traditional stock issuance. Context and Implications for Bitmine The scale of the reported ETH losses—$11.5 billion—is significant even by the volatile standards of the cryptocurrency market. This move to raise capital suggests that Bitmine is attempting to stabilize its balance sheet and potentially double down on its core strategy of holding and acquiring ETH, despite recent market downturns. The company’s willingness to increase its offering size indicates strong investor interest or a pressing need for funds. For observers, this raises questions about the sustainability of leveraged investment strategies in the crypto space, especially during periods of high volatility. Market and Industry Impact Bitmine’s situation is a case study in the risks associated with large-scale, concentrated cryptocurrency investments. The company’s need to raise such a substantial amount of capital to cover losses and continue purchasing ETH highlights the ongoing volatility and the high-stakes nature of corporate crypto treasury management. This development may prompt other firms with similar exposure to re-evaluate their risk management strategies. The move also signals that despite recent losses, Bitmine remains bullish on Ethereum’s long-term prospects, a sentiment that could influence market perception. Conclusion Bitmine’s expanded preferred stock offering is a strategic, albeit high-risk, maneuver to recapitalize after suffering massive ETH-related losses. The success of this capital raise will be a key indicator of investor confidence in both the company’s management and the broader future of Ethereum as a corporate asset. The crypto industry will be watching closely to see if this approach stabilizes Bitmine’s finances or if it represents a deeper systemic risk within the sector. FAQs Q1: Why is Bitmine raising additional capital? Bitmine is raising capital to offset approximately $11.5 billion in losses from its Ethereum investments and to fund further purchases of ETH and other strategic investments. Q2: What is a perpetual preferred stock offering? A perpetual preferred stock is a type of equity that pays a fixed dividend indefinitely, with no maturity date. It allows companies to raise long-term capital without diluting common shareholders as much as a traditional stock issue. Q3: How will this affect the broader cryptocurrency market? Bitmine’s move signals continued institutional interest in Ethereum despite major losses, but it also highlights the high risks of concentrated crypto investments. The outcome may influence how other firms manage their digital asset holdings. This post Bitmine Expands Preferred Stock Offering to Raise $273.8M After Massive ETH Losses first appeared on BitcoinWorld .
