Investors Pull $5 Billion From Bitcoin ETFs as $15.6 Billion Hits Private Credit Gates
Updated
Updated · CoinDesk · Jul 9
Investors Pull $5 Billion From Bitcoin ETFs as $15.6 Billion Hits Private Credit Gates
2 articles · Updated · CoinDesk · Jul 9
Summary
$15.6 billion in private-credit redemption requests and nearly $5 billion of bitcoin ETF outflows in Q2 signaled a broad investor rush for liquidity across both illiquid and liquid risk assets.
Fitch said requests breached standard 5% quarterly caps at 10 of 16 business development companies, leaving many investors only partly paid and likely to keep redeeming in coming quarters.
Bitcoin ETFs, by contrast, absorbed the selling immediately: roughly $4 billion left U.S.-listed spot funds in June alone, helping drive bitcoin down about 14% in Q2 and below $60,000.
Capital rotated into AI trades and other high-profile opportunities such as SpaceX's IPO, while strategists also pointed to shrinking market buffers including the U.S. Strategic Petroleum Reserve at its lowest since 1983.