Woofun AI data shows that U.S. spot Bitcoin ETFs experienced a net outflow of $4 billion in June, with BlackRock's IBIT leading the decline as investors shifted capital toward AI trading and the SpaceX IPO. Bitcoin prices dropped approximately 14% in the second quarter, falling below $60,000 and marking the third consecutive quarter of losses.

In contrast to the liquid Bitcoin ETF market, the $2 trillion private credit sector saw redemption requests reach $15.6 billion in the second quarter. Ten out of 16 business development companies exceeded the 5% quarterly cap, resulting in partial payouts for most investors. Fitch anticipates continued redemptions, keeping pressure on these firms. QCP Capital noted that narrowing market buffer space is evident through bottomed Strategic Petroleum Reserve levels, Strategy's first BTC sale for dividends, and elevated private credit redemptions.