As per data gathered by SoSoValue, spot Bitcoin ETFs recorded $216.48 million on June 17, marking a seventh consecutive day of inflows.
It brings the total net inflows for June to $1.89 billion so far.
Bitcoin ETF flows. Source: SoSoValue
Taking the lead, BlackRock’s iShares Bitcoin Trust (IBIT) raked $639.19 million in daily net inflows. Its cumulative net inflows stand at $50.67 billion, and it now commands a behemoth portfolio worth $71.42 billion.
Since launching, IBIT has been in the dominant market position for a while. It has frequently performed well, especially during times of market uncertainty that often result in outflows from the biggest BTC ETFs on the market.
On that note, Fidelity’s Wise Origin Bitcoin Fund (FBTC) lost $208.46 million in net outflows, bringing its cumulative net inflows to $11.39 billion and net assets to $20.58 billion. Despite the setback, FBTC remains the second-best-performing fund among competitors.
The ARK 21Shares Bitcoin ETF (ARKB) saw similar losses, shedding $191.4 million in net outflows. With $2.27 billion in cumulative net inflows and $4.65 billion in net outflows, ARKB ranks third and fourth, respectively.
Finally, the Bitwise Bitcoin ETF (BITB) lost $22.84 million. Its cumulative net inflows are now $2.07 billion, and its net assets are $4.06 billion, ranking it fourth and sixth, respectively.
Crypto Market
After a month of solid performance, Bitcoin’s momentum appears to be waning as the leading crypto has shed roughly 4.5% in value over the past seven days, losing an additional 1.31% in the past 24 hours.
It’s currently trading at around $104,459 after briefly dipping to $103,600 last night. Despite this, BTC has still risen by 59.5% for the past year.
On the other side, Ethereum ETFs have performed quite well, recording just one day of outflows in the past 22 days.
However, this has done little to boost the ETH token, which is down over 9.6% for the past week and is now trading at $2,503
Eddie is a gaming and crypto writer at CCN. Covering the often weird and wonderful world of Web3 with an adoring, but skeptical eye.
Prior to CCN, Eddie has spent the past seven years working his way through the crypto, finance, and technology industry. He began with PR and journalism with Bitcoin PR Buzz and BitcoinNews.com, eventually working his way to become a copywriter with a dozen firms, including the likes of Polkadot before returning to journalism in 2023.
Having studied Radio production and journalism at University in the UK, Eddie spent a few years making podcasts and presenting on a local London radio station as he built up his writing chops.
A lifelong skateboarder, Eddie can often be found at the skatepark or touring the streets looking for something new to try. That, or kicking back playing JRPGs on his original PSP.
