Bitcoin ETFs Face Outflows Amid Trump-Musk Feud and Rising Fear

Bitcoin exchange-traded funds (ETFs) experienced substantial outflows of $278 million on June 5th, coinciding with escalating tensions between President Donald Trump and Elon Musk. This follows a period of heavy redemptions in recent weeks that impacted Bitcoin ETFs’ asset values. Market experts attribute the recent downturn to a shift in investor sentiment triggered by concerns regarding the ongoing public feud between these influential figures.