Blackrock’s IBIT Dominates as Bitcoin ETFs See Inflows
- Spot bitcoin ETFs attracted $85.85 million on June 12, with Blackrock’s IBIT capturing about two-thirds at $57.7 million.
- None of the twelve bitcoin funds experienced outflows, halting a previous week of $1.67 billion in outflows.
- Spot ethereum ETFs recorded a net outflow of $4.95 million for the fourth consecutive day.
- The divergence between bitcoin and ethereum demand continues, with bitcoin consistently outperforming in net flows throughout the year.
The recent inflow into bitcoin ETFs marks a significant shift following substantial outflows in the prior week, suggesting easing selling pressure for now. Meanwhile, ethereum ETFs continue to struggle with sustained institutional demand, reflecting ongoing challenges for the second-largest crypto asset.
This development highlights a “winner-take-most” dynamic where larger funds like Blackrock’s IBIT dominate market flows while smaller funds vie for remaining interest, amplifying their impact on daily movements.
