Bitcoin ETFs’ inflow streak hits 15 days, pulling in nearly $5 billion as BTC hovers below all-time highs
Quick Take The net inflow streak of U.S. spot Bitcoin ETFs has extended to 15 days, totaling $4.7 billion. The continued daily inflows come as bitcoin lingers less than 5% below all-time highs.
The net inflow streak of U.S. spot Bitcoin exchange-traded funds extended into a fifteenth day on Monday, adding $102.1 million to a total of $4.7 billion for the period, according to data compiled by The Block.
BlackRock's IBIT continued its dominance over the other Bitcoin funds, attracting $112.3 million in net inflows on the last day of June alone. That was offset by $10.2 million worth of net outflows from Ark Invest and 21Shares' ARKB fund, with all the other ETFs registering zero flows for the day. IBIT also leads the 15-day streak, accounting for $3.8 billion or 81% of the net inflows.
"15 straight days of inflows into spot Bitcoin ETFs," The ETF Store President Nate Geraci said on X. "Approaching $5 billion in new $$$. Not $5 billion this year. That's $5 billion over the past 15 trading days," he added — referencing when many pundits thought the top end for the U.S. spot Bitcoin ETFs in year one would be $5 billion.
However, Monday's net inflows represent a slowing in pace following the $501.2 million added on Friday and $316 million average during the 15-day run.
The U.S. spot Bitcoin ETFs have now received $49.3 billion in cumulative net inflows since their debut in January 2024 and $13.8 billion year-to-date, with nearly $128 billion in assets now under management amid the concurrent price rise, per The Block's Bitcoin ETF Tracker page.
Meanwhile, the U.S. spot Ethereum ETFs saw $31.8 million in net inflows on Monday, led by $25.7 million into Fidelity's FETH fund. Total net inflows for the Ethereum funds, which launched later in July 2024, currently stand at $4.2 billion.
Cooling institutional enthusiasm
Bitcoin briefly broke above $108,000 and Ethereum topped $2,500 over the weekend before correcting on Monday and Tuesday, as traders gear up for a week of key macro data and remarks from Fed Chair Jerome Powell.
Bitcoin is currently trading for $106,707, according to The Block's BTC price page , while Ethereum is changing hands for $2,457.
BRN Lead Research Analyst Valentin Fournier told The Block that the slowing pace of ETF inflows casts doubt on bitcoin reaching new all-time highs above $112,000 in the near term.
"This suggests a cooling in short-term institutional enthusiasm, even as market activity remains elevated, raising doubts about bitcoin's ability to break $110K without new catalysts," Fournier said. "While short-term momentum has faded, medium-term signals remain bullish, especially with corporate treasuries accelerating their accumulation pace."
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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