🚨BREAKING NEWS TODAY🚨
Below is a summary of the notable news on June 6, 2025, affecting the cryptocurrency market:
1. Fidelity Bitcoin ETF faces large outflows
Fidelity Bitcoin ETF (FBTC) recorded outflows of up to 80.2 million USD during trading on June 6, 2025, marking the largest decline ever and creating short-term downward pressure on Bitcoin due to increased supply in the spot market.
2. ARK 21Shares Bitcoin ETF splits 3-for-1
The ARKB fund (ARK 21Shares Bitcoin ETF) will implement a 3-for-1 stock split on June 16, 2025, aimed at lowering the par value of each unit, attracting more retail investors, and potentially improving liquidity for the ETF product.
3. US tax cut bill boosts Bitcoin price
President Trump signed the tax cut bill into law on June 5, 2025, leading to a “risk-on” wave across both the stock and cryptocurrency markets – Bitcoin's price immediately rose 3.5% to 72,300 USD during the session.
📊Overall impact analysis
• Market sentiment: Capital flows are shifting between traditional channels and crypto, causing increased volatility.
• Liquidity: Net outflows from large ETFs like Fidelity may reduce cash liquidity for Bitcoin, pushing prices down in the short term.
• Opportunity: The ETF split and tax policy could create “swing trading” opportunities for short-term investors, but also increase the risk of price fluctuations.
$BTC take off
