Bitcoin Slips Below $68K as ETFs Bleed $64M, Asian Stocks Decline

The losses followed $64.9 million in cumulative outflows from the U.S.-listed spot bitcoin exchange-traded funds (ETFs), the first loss since at least May 23, according to provisional data published by Farside Investors. Inflows have recently been strong, although the market chatter is that they stem from institutions' growing interest in the non-directional basis trade rather than outright bullish bets.