Bitcoin ETFs Lose $278M as Trump–Musk Feud Jolts Market

Bitcoin ETFs Lose $278M as Trump–Musk Feud Jolts Market

The escalating public dispute between U.S. President Donald Trump and Tesla CEO Elon Musk has precipitated significant volatility across cryptocurrency and equity markets. On June 5, U.S. spot Bitcoin exchange-traded funds (ETFs) experienced net outflows totaling $278 million, according to SoSoValue data. Leading the exodus was ARK Invest’s ARK 21Shares Bitcoin ETF (ARKB), which alone accounted for $102 million in withdrawals. This downt...

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