In recent days, there has been noticeable change in capital flows of Bitcoin and Ethereum ETFs. This article examines recent inflow data for Bitcoin ETFs and the development of Ethereum ETFs, as well as technical patterns emerging in the market.
Increase in Bitcoin ETF Investments
On June 16, Bitcoin ETFs demonstrated record inflow of 2,864 BTC, equating to $305.87 million. According to data from Lookonchain, this surge highlights the growing institutional interest in Bitcoin exposure through regulated investment vehicles. The leader by volume was the iShares Bitcoin Trust (IBIT) from BlackRock with an inflow of 2,272 BTC, amounting to $242.6 million. IBIT now holds 671,795 BTC, making it the largest among all Bitcoin ETFs with a total valuation of $71.74 billion. Leishman stated that this ongoing inflow 'is reshaping long-term BTC distribution and strengthening institutional conviction.'
Dynamics of Ethereum ETFs
Despite daily outflows, Ethereum ETFs have shown significant weekly growth, adding 191,057 ETH. The total inflow amounted to $501.77 million. BlackRock’s ETHA was among the most successful funds, with an inflow of 2,126 ETH daily and 138,016 ETH weekly. Grayscale’s ETHE added 4,181 ETH, despite a daily change of -78 ETH. Meanwhile, Fidelity’s ETHF lost 3,496 ETH, but secured a weekly inflow of 28,218 ETH.
Technical Analysis of ETH/BTC
On the ETH/BTC chart, an ascending triangle is forming with a current price of 0.02414 BTC. Technical analyst Batman claims that this pattern indicates bullish momentum, with support near 0.02360 BTC and resistance around 0.02660 BTC. A breakout toward 0.02700 BTC may occur if support holds.
The dynamics of inflow into Bitcoin ETFs and the development of Ethereum ETFs underline shifting trends in the cryptocurrency market. The technical patterns in ETH/BTC indicate potential bullish movement, which could be significant for future investments.
