Crypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help.

Crypto Daybook AmericasShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailCrypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help.Your day-ahead look for June 8, 2026By Omkar Godbole|Edited by Sheldon RebackUpdated Jun 8, 2026, 11:46 a.m. Published Jun 8, 2026, 11:24 a.m. 3 min readMake preferred on What to know: This is an excerpt from CoinDesk newsletter 'Daybook.' Sign up here, if you haven't already.Bitcoin BTC$62,945.93 is back above $63,000, but what happened in exchange-traded funds (ETFs) last week rings a note of caution.As the price fell toward $60,000, the 11 U.S. spot ETFs recorded $1.72 billion in net outflows, marking a third straight week of accelerating redemptions. That happened on the total weekly volume of just $18.43 billion, according to data from SoSovalue.Compare that with the first week of February, when bitcoin suffered a similar crash to $60,000. Back then, outflows were just $318 million, but the total weekly volume was $46.15 billion in a clear sign of panic and capitulation, reflecting a fiercely contested market with active participation from both bulls and bears.That wasn’t the case last week, when outflows accelerated amid subdued trading volume. The combination suggests a steady exodus rather than a shock-driven capitulation that typically marks local bottoms.As such, the sustainability of bitcoin's bounce is questionable. A dramatic resurgence in ETF demand might be needed to put the price on a convincing upward trajectory.That probability appears low, as looming initial stock sales from SpaceX and Anthropic, two of the largest IPOs in history, could keep sucking liquidity out of broader markets, including crypto.Further, this week's U.S. inflation data for May, expected to show the cost of living rose above 4%, could add to volatility in both bonds and the broader financial market. Stay alert!Read more: For analysis of today's activity in altcoins and derivatives, see…

Crypto's recovery remains unsecure as SpaceX, Anthropic IPOs loom. Stronger ETF inflows would help.

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