Bitcoin ETFs See $1.02 Billion Inflow Second Week Running

Bitcoin ETFs concluded the week with a substantial net inflow of $1.02 billion, continuing their upward trajectory. This marks the second consecutive week where inflows exceeded $1 billion, with a notable $412.2 million net inflow on Monday, June 16, setting a positive tone for the week. BlackRock’s IBIT led the inflows with $1.23 billion, followed by Bitwise’s BITB with $29.85 million, Grayscale’s Bitcoin Mini Trust with $14.93 million, and Hashdex’s DEFI fund with $1.17 million. However, Ark 21Shares’ ARKB faced a $187.79 million outflow, while Fidelity’s FBTC and Grayscale’s GBTC saw outflows of $61.66 million and $3.15 million, respectively.

Ether ETFs also extended their positive streak with a net inflow of $40.24 million, marking their sixth consecutive week of inflows. BlackRock’s ETHA topped the list with $48.19 million in net inflows, followed by Grayscale’s Ether Mini Trust with $10.59 million, Bitwise’s ETHW with $3.62 million, and Vaneck’s ETHV with $1.77 million. Despite these gains, Grayscale’s ETHE and Fidelity’s FETH experienced outflows of $9.02 million and $14.91 million, respectively.

The persistent inflow into both Bitcoin and Ether ETFs underscores a growing investor confidence in the crypto market. This trend is particularly notable given the steady market environment, suggesting that institutional investors are increasingly viewing digital assets as a viable component of diversified investment portfolios. The resilience of these inflows, despite broader market volatility, highlights the potential of digital assets as a hedge against macroeconomic risks.

The significant inflows into Bitcoin ETFs, led by BlackRock’s IBIT, reflect the enduring appeal of digital assets to institutional investors. This trend is further supported by the continued positive inflows into Ethereum ETFs, which have attracted substantial capital even as prices experienced corrections. Investors have taken advantage of price dips to increase their positions, underscoring the growing appeal of these digital assets as macroeconomic hedges.

The performance of Bitcoin and Ethereum ETFs suggests that these digital assets are increasingly being viewed as a viable component of diversified investment portfolios. The continued interest in these assets, even amidst market volatility, underscores their potential as a hedge against macroeconomic risks. This trend is likely to solidify their position in the financial landscape, as institutional investors seek to balance their exposure to different digital assets.