On June 16, US Bitcoin ETFs recorded significant inflows, extending their capital inflow streak to six days.
Record Inflows in Bitcoin ETFs
According to SoSoValue, over the six-day period from June 9 to June 16, US Bitcoin ETFs attracted more than $1.8 billion. On June 16, the total net inflows reached $412.2 million, pushing the total cumulative inflows to $46.04 billion.
Leaders Among ETFs
BlackRock’s iShares Bitcoin Trust (IBIT) led with a $266.60 million inflow on June 16, amassing a total of $50.03 billion. Fidelity's FBTC followed with $82.96 million, while Grayscale’s GBTC reported the lowest inflow of $12.84 million and a notable outflow of $23.23 billion since inception.
Bitcoin Decline Amid Conflict
The conflict between Israel and Iran on June 13 caused Bitcoin to decline by more than 7%. However, analysts from Bitfinex observed signs of market capitulation, indicating aggressive selling reaching a multi-week low.
Despite geopolitical risks and short-term volatility, the inflows into Bitcoin ETFs indicate growing investor confidence in this asset.
