Outflows from US spot Bitcoin exchange-traded funds went on to hit $326 million on June 5. This marks an extension of a devastating trend that has seen billions pulled from the investments to leave them with a total of just $75.1 billion in assets under management. It is seen as an even wider reversal that has resulted in losses of almost $30 billion in the total market capitalization of the holdings since the end of May. Its aggregate size was above $98 billion at that time. The cumulative crypto market cap dropped by another 2% over the last 24 hours. Bitcoin price is down by more than 16% in the last 7 days. BTC is trading at an average price of $61,343 at press time.