US-Based Spot Bitcoin Exchange-Traded Funds (ETF) Recorded Net Inflows for the 15th Consecutive Day! Here are the Details

Investor interest in U.S.-based Spot Bitcoin exchange-traded funds is continuing unabated towards (ETF). Spot Bitcoin ETFs recorded net inflows for the 15th consecutive day, attracting a total of $4.7 billion in capital during this period.

The Introduction Series to Bitcoin ETFs Continued on the 15th Day: Approached a Total of 5 Billion Dollars

BlackRock's IBIT fund alone raised $3.8 billion, accounting for 81% of total inflows in a 15-day period. IBIT received a net inflow of $112.3 million on Monday, the last trading day of June. On the same day, Ark Invest and 21Shares' ARKB fund experienced an outflow of $10.2 million, while no transactions occurred in other funds.

ETF Store President Nate Geraci stated in his announcement on platform X, "There has been a continuous inflow of funds into Spot Bitcoin ETFs for 15 consecutive days. We are approaching a total of nearly 5 billion dollars. Not this year, but only in the last 15 trading days." Geraci also reminded that this level is the ceiling level that some analysts believe Spot ETFs could reach in their first year.

However, the momentum of the inflows has weakened. The net inflow of 102.1 million dollars recorded on Monday is significantly below the 501.2 million dollars inflow on Friday, and also below the daily average of 316 million dollars over the 15-day period.

In total, spot Bitcoin ETFs have received a net inflow of $49.3 billion since their launch in January 2024, attracting $13.8 billion in capital year-to-date. The total assets under management have reached $128 billion.

The Increase in Ethereum ETFs Continues

Spot Ethereum ETFs also achieved a net inflow of 31.8 million dollars on the same day. Of this amount, 25.7 million dollars were transferred to Fidelity's FETH fund. The Ethereum ETFs launched in July 2024 have received a total net inflow of 4.2 billion dollars to date.

Bitcoin briefly rose above $108,000 over the weekend but pulled back to $106,707 at the beginning of the week. Ethereum, after testing above $2,500, is currently trading at $2,457.

BRN Chief Analyst Valentin Fournier stated that the slowdown in ETF inflows could indicate a decrease in short-term institutional interest:

"This weakens the likelihood of Bitcoin rising above $112,000 in the near term. However, the outlook remains positive in the medium term; especially noteworthy is the acceleration of Bitcoin purchases by institutional treasuries."

According to experts, although price movements may weaken in the short term, as long as institutional investors remain interested, Bitcoin's upward potential is preserved.

*It is not investment advice.

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