US spot Bitcoin ETFs pulled in another $519 million of net redemptions on June 2, extending the longest outflow run since the funds launched and tipping a leveraged market into $1.86 billion of forced selling.

US spot Bitcoin ETFs saw $1.42B in outflows last week, the third largest ever. BlackRock's IBIT led with $966M as institutions de-risk amid macro headwinds.

Bitcoin (CRYPTO: BTC) broke below $70,000 on Tuesday, dropping 2.5% as spot ETFs opened the week with $483.76 million in outflows on Monday.