Bitcoin and crypto investments record billions in inflows. | Credit: Mike Egerton/PA Images via Getty Images.
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Key Takeaways
U.S. spot Bitcoin ETFs hold $126.54 billion in total net assets, or 6.14% of BTC’s market cap.
Bitcoin is trading down 5% for the past seven days at around $101,400.
U.S spot Ethereum ETFs have pulled $2.2 billion in cumulative net inflows across a six-week inflow streak.
Bitcoin (BTC) investment products and exchange-traded funds (ETFs) have now posted ten straight weeks of inflows, bringing year-to-date totals to over $15 billion.
But even as institutions continue to pour money into crypto, market sentiment remains fragile.
Bitcoin briefly dipped below the $100,000 mark this week amid rising geopolitical tensions, underscoring the volatility that still shadows the rally.
According to the latest CoinShares report, crypto and digital asset investment products have reached a tenth consecutive week of inflows, drawing $1.24 billion for the week ending June 20. This brings year-to-date (YTD) inflows to a record-setting $15.1 billion.
Bitcoin products posted their second consecutive week of inflows totaling $1.1 billion despite the price correction down from $110,000. Short-Bitcoin products saw $1.4 million in outflows.
Ethereum (ETH) investments tallied their ninth consecutive week of inflows with $124 million. So far, it has garnered $2.2 billion in cumulative net inflows amid this streak, which is ETH’s longest run since 2021.
Notably, U.S. spot Ethereum (ETH) ETFs have performed incredibly well and are also on a heavy winning streak, having achieved a sixth week of consecutive inflows. Since April, ETH funds have pulled in approximately $1.47 billion in net inflows.
Regionally, U.S. investors took the top spot with $1.25 billion in inflows. Canada pulled $20.9 million, followed by Germany with $10.9 million. However, Hong Kong posted $32.6 million in outflows, as did Switzerland with $7.7 million.
Altcoin crypto investments were modest. Solana (SOL) products tallied $.278 million in inflows, followed by Ripple (XRP) with 2.69 million.
Bitcoin ETFs
Although last week’s flows were solid, funds ended the week with extraordinarily low inflows of just $6.37 million on June 20. Ultimately, this coincided with heightened global tensions and U.S. military action, which, as ever, have cooled investors off.
That said, funds ended the week with $1.02 billion in weekly total net inflows, bringing June’s current inflow figures to $2.29 billion.
Bitcoin ETF flows. | Source: SoSoValue.
Leading fund, BlackRock’s iShares Bitcoin Trust (IBIT), garnered a cool $46.91 million in net inflows. Its cumulative net inflows now amount to a square $51 billion with $70.56 billion in net assets.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) outflows totalling $40.55 million. Though a drop in the ocean for FBTC, it brings its cumulative net inflows down to $11.46 billion, and net assets to $20.3 billion. Regardless, it remains the second-best-performing BTC ETF under IBIT.
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.
