U.S. spot Bitcoin ETFs have recorded 15 consecutive days of net inflows, with nearly $5 billion added in just over two weeks as institutional interest intensifies.
According to Farside Investors, U.S. spot Bitcoin ETFs brought in $102.14 million on June 30 alone, continuing a momentum that saw over $500 million flow in on both June 25 and June 27. Total net inflows now sit at $4.73 billion during the streak.
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, pulling in $112.32 million on June 30 and increasing its cumulative net inflows to $52.42 billion, with total assets under management reaching $74.89 billion. IBIT also remains the only fund to see consistent inflows throughout the streak, including all 15 days.
Meanwhile, Ark Invest’s ARKB saw $10.18 million in outflows, bringing its total net inflows to $2.53 billion and net assets to $5.02 billion.
Crypto analysts like Rekt Capital and Michael van de Poppe suggest the bullish trend may continue, provided buy-side volume persists. Rekt Capital noted that Bitcoin has confirmed a breakout from its monthly range, while van de Poppe called any price dips strong “buy-the-dip” opportunities.
With this streak, Bitcoin ETFs have now posted inflows for three straight months, totaling $12.8 billion since April and $13.72 billion year-to-date.
Image Credit: Pixabay
Keep in mind that we may receive commissions when you click our links and make purchases. However, this does not impact our reviews and comparisons. We try our best to keep things fair and balanced, in order to help you make the best choice for you.