U.S. spot Bitcoin ETF sees net outflows of $4 billion, while private credit fund redemption requests reach $15.6 billion

According to CoinDesk, in June, US spot Bitcoin ETFs saw net outflows of 4 billion USD, with Bitcoin dropping about 14% in the second quarter and falling below 60,000 USD. During the same period, in the 2 trillion USD private credit market, redemption requests reached 15.6 billion USD in the second quarter, and 10 out of 16 business development companies surpassed the 5% quarterly cap. Most investors only received partial payouts, and Fitch expects redemptions to continue. Bitcoin ETFs are highly liquid, so outflows directly affect the BTC price; private credit BDCs are illiquid long-term instruments.