Net inflows into Bitcoin ETFs recorded in the US have reached significant levels, indicating growing investor interest in cryptocurrencies.
Dynamics of Bitcoin ETF Net Inflows
Net inflows into US-based Bitcoin ETFs have continued to rise for the 12th consecutive day, resulting in a capital total of $3.9 billion. On June 25 alone, inflows amounted to $547.7 million. The leading ETF, BlackRock’s IBIT fund, recorded net inflows of $340.3 million, while Fidelity’s FBTC fund followed with $115.2 million.
Ethereum ETF Inflows Also on the Rise
Spot Ethereum ETFs also recorded net inflows of $60.4 million on the same day, with $55.2 million of these inflows going to BlackRock’s ETHA fund. This points to a third consecutive positive day for Ethereum ETFs.
Impact of Economic Factors on the Crypto Market
The crypto market is also feeling the impact of dollar weakness. Timothy Misir, BRN Research Director, noted that a falling dollar index creates favorable conditions for crypto assets. Additionally, the World Bank’s downward revision of the US growth forecast influences investor preference for uncorrelated assets.
Since their launch in January 2024, total inflows into spot Bitcoin ETFs have reached $48.4 billion, highlighting increasing investor interest in this asset class.
