Bitcoin ETFs Attract $388.3M in 1 Day as Institutional Demand Surges

US listed spot Bitcoin ETFs saw $388.3M inflows – 8th day in a row of inflows. BlackRock’s iShares Bitcoin Trust (IBIT)

Quick overview

  • US listed spot Bitcoin ETFs experienced $388.3M in inflows for the eighth consecutive day, led by BlackRock's iShares Bitcoin Trust and Fidelity's Wise Origin Bitcoin Fund.
  • Despite geopolitical tensions in the Middle East, Bitcoin maintained stability near $105,000, mirroring previous market patterns during conflicts.
  • Since April, US spot Bitcoin ETFs have seen a significant shift with $11.2B in net inflows, indicating a preference for low-fee products among investors.
  • Ether ETFs also showed resilience with over $19.1M in inflows following positive regulatory news regarding Ethereum staking.

US listed spot Bitcoin ETFs saw $388.3M inflows – 8th day in a row of inflows. BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $278.9M and Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $104.4M according to Farside Investors.

This is institutional confidence despite Middle East tensions. Israel-Iran conflict caused initial market unease but Bitcoin held near $105,000 – same “risk-off, then stabilize” pattern as during 2022 Russia-Ukraine war and 2023 Israel-Palestine conflict.

Other June 18 activity:

  • Bitwise Bitcoin ETF (BITB): $11.3M inflow
  • ARK, Invesco, Franklin Templeton, Valkyrie, VanEck, WisdomTree: No inflows
  • Grayscale Bitcoin Trust (GBTC): $16.4M outflow
  • Grayscale Bitcoin Mini Trust: $10.1M outflow

Bitcoin ETF Momentum Since April

Last 2 months have been a big shift in ETF momentum. Since April 17, US spot Bitcoin ETFs have seen $11.2B in net inflows. Only 8 days of outflows during which Bitcoin went from below $85,000 to nearly $105,000.

Cumulative flows since launch:

  • BlackRock’s IBIT: $50.6B
  • Fidelity’s FBTC: $11.5B
  • Total ETF inflows: $46.3B
  • Grayscale’s GBTC outflows: $23.2B

The data shows a market rotation from high-fee products to low-fee ETFs. This is an investor base maturing and focusing on long term asset exposure and institutional trust in regulated crypto vehicles.

Ether ETFs Bounce Back

Ether ETFs also showed resilience. After 19 day inflow streak ended on June 13, US spot Ether ETFs saw 3 days of inflows of over $19.1M by June 18.

Top of the list:

  • BlackRock’s iShares Ethereum Trust (ETHA):
  • Only 2 days without inflows since May 20 * No outflows since May 7
  • $5.28B total inflows

This follows positive regulatory news. SEC’s Crypto Task Force said protocol-level staking is not a security – so Ethereum staking ETFs could be coming soon.

ABOUT THE AUTHOR See More
Arslan Butt
Lead Markets Analyst – Multi-Asset (FX, Commodities, Crypto)
Arslan Butt serves as the Lead Commodities and Indices Analyst, bringing a wealth of expertise to the field. With an MBA in Behavioral Finance and active progress towards a Ph.D., Arslan possesses a deep understanding of market dynamics. His professional journey includes a significant role as a senior analyst at a leading brokerage firm, complementing his extensive experience as a market analyst and day trader. Adept in educating others, Arslan has a commendable track record as an instructor and public speaker. His incisive analyses, particularly within the realms of cryptocurrency and forex markets, are showcased across esteemed financial publications such as ForexCrunch, InsideBitcoins, and EconomyWatch, solidifying his reputation in the financial community.

Related Articles

HFM

Doo Prime

XM

Best Forex Brokers