Bitcoin ETFs bleed $4.4B as outflow streak hits 13 days

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June 4, 2026 10:09am EDT

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Mastercard expands stablecoin settlement + Treasury advances Bitcoin reserve, CLARITY Act	͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏	View in browser

June 4, 2026

Your Daily Digest of the 🔥Hottest News in Crypto.

Today’s top stories

📉 US spot Bitcoin ETFs extend record outflow streak as BTC demand weakens
💳 Mastercard adds regulated stablecoin settlement across major blockchain networks
🏛️ Treasury says Bitcoin reserve work is moving forward, CLARITY Act may pass this summer
📰 Keep reading for all of today’s biggest headlines

Bitcoin ETFs bleed $4.4B as outflow run extends to 13 trading days

US-listed spot Bitcoin ETFs posted another $396.6 million in net outflows on Wednesday, extending their red streak to a record 13 consecutive trading days and bringing total withdrawals to roughly $4.4 billion. The run has surpassed the previous eight-day outflow record from February 2025, while Bitcoin has fallen about 21% since May 15, dropping from around $80,000 to near $63,400 at publication. BlackRock’s IBIT accounted for about $3.3 billion of the outflows, roughly three-quarters of the total, followed by Fidelity’s FBTC and Grayscale’s GBTC. Analysts remain split on whether the move reflects structural demand weakness, selling from long-term holders and miners, or derivatives-driven volatility, but the ETF bleed has become a major signal for near-term Bitcoin sentiment.

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Mastercard expands support to USDC, PYUSD, RLUSD stablecoin settlement

Mastercard says it is expanding settlement capabilities to let issuers and acquirers settle some card transactions using regulated stablecoins, including USDC, PYUSD, USDG, USDP, RLUSD and SoFiUSD. The payments giant said the new options will support intraday, weekend and holiday settlement across networks including Arbitrum, Base, Canton, Ethereum, Polygon, Solana, Tempo and XRPL. Early participants are expected to include ARQ, CBW Bank, Cross River, Lead Bank and Nuvei in the United States and Latin America. The move pushes stablecoins deeper into mainstream payments infrastructure and follows other recent stablecoin integrations from firms such as Visa, MoneyGram and Western Union.

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US Treasury secretary signals progress on Bitcoin reserve, CLARITY Act

US Treasury Secretary Scott Bessent told Senate lawmakers that the Treasury Department is moving forward “with all deliberate speed” on President Donald Trump’s 2025 executive order establishing a strategic Bitcoin reserve and digital asset stockpile. Bessent said the process involves new technology and requires durable best practices, while Cointelegraph reported that the US currently holds 328,372 BTC worth about $215 billion at publication. The Treasury chief also said the administration is aiming for the CLARITY Act to pass the Senate sometime this summer, after earlier versions advanced through Senate committees. The bill remains central to efforts to define how securities and commodities laws apply to digital assets in the United States.

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As stablecoins expand into corporate treasuries, the demand for selective disclosure is pushing institutions away from public networks.

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Why crypto markets should watch Kevin Warsh’s Fed chair role

The article argues that Kevin Warsh’s relevance to crypto is less about his past crypto-linked investments and more about how the Federal Reserve can shape digital asset markets through rates, liquidity, banking oversight and stablecoin policy. Warsh was required to divest assets that could create conflicts or the appearance of conflicts after taking office, including crypto-related exposure held through funds. The piece says crypto investors should focus on upcoming rate decisions, inflation commentary, quantitative tightening, Treasury yields, dollar strength, bank guidance affecting stablecoins and crypto custody, and payment infrastructure policy. The core takeaway is that the Fed does not need to classify tokens or write crypto-specific rules to materially affect crypto market conditions.