Overview
- Global equity fund inflows slowed to $7.51 billion in the week to June 24, a roughly 86% drop from the prior week that reflected about $17.8 billion of net outflows from technology funds.
- U.S. spot Bitcoin ETFs have seen a sustained multi‑week redemption streak that has drained roughly $4.4–6.0 billion overall and produced large single‑day outflows of approximately $445 million to $696 million in late June.
- Investors bought about $10.85 billion of bond funds in the week to June 24, extending a multi‑week buying streak as money shifted into assets seen as safer while money‑market funds experienced heavy withdrawals.
- Institutional clients drove the selling, with Bank of America reporting roughly $14.4 billion of net sales of U.S. stocks and technology desks accounting for the largest sector exits in the bank’s flow data.
- Thinner summer liquidity and near‑term corporate events, including MicroStrategy’s STRC dividend reset on June 30, could increase pressure on Bitcoin and related securities and magnify the market impact of large redemptions.