The United States sees Bitcoin (BTC) exchange rate (ETFs) will end their longest losing streak in 2026.
After recording a total of $4.367 billion between May 15 and June 3, the US BTC ETFs market closed June 4 with a total of about $3.05 million, according to data from SoSoValue. Accordingly, the US Bitcoin ETFs sector had $80.40 billion in total assets under management at the time of reporting.
The change in the position of US BTC ETFs was based on BlackRock’s iShares Bitcoin Trust.It will go). After registration the revenue is about $47.66 million. Accordingly, BlackRock’s IBIT had a net worth of approximately $49.36 billion.
Meanwhile, the Fidelity Wise Origin Bitcoin Fund (The price of FBTC) reported that $5.54 million was released on Thursday, thus hitting a 14-day losing streak. At the time of publication, FBTC had assets worth approximately $11.46 billion.
What is the next thing and the price of Bitcoin?
Over the past few years, the price of Bitcoin has followed the performance of US spot BTC ETFs. For example, the price of BTC failed to rise above $ 82,000 last month, which led to a total of $ 60,762 on Friday, while US BTC ETFs recorded almost two consecutive weeks of outflows.
From a technical point of view, the price of Bitcoin reaffirmed its February low of around $60,000 in early June following its downgrade. If the US watching BTC ETFs continue to accumulate more Bitcoin, a potential reversal could be seen. However, if BlackRock’s IBIT leads other ETF providers in distribution, a sale of up to $52,000 may be inevitable, according to analysis shared with Aksel Kibar, who was the financial manager.
