Key Takeaways
- US spot Bitcoin ETFs posted eight straight days of inflows, totaling $388.3 million on June 18.
- BlackRock and Fidelity led ETF inflows, while only Grayscale products saw outflows.
- Over $46.3 billion has flowed into US Bitcoin ETFs since inception, despite geopolitical tensions.
US-based spot Bitcoin exchange-traded funds (ETFs) saw $388.3 million in inflows on Wednesday, marking the eighth consecutive day of positive net flows.
BlackRock’s iShares Bitcoin Trust (IBIT) led with $278.9 million, followed by Fidelity Wise Origin Bitcoin Fund (FBTC) with $104.4 million, according to Farside Investors.
Bitwise Bitcoin ETF (BITB) was the only other fund to record an inflow, adding $11.3 million.
Other major issuers, including ARK Invest and Valkyrie, did not see inflows on the day.
Despite initial market volatility due to renewed Israel-Iran tensions, Bitcoin remained steady in the $104,000–$105,000 range. Analytics platform Santiment noted:
“Despite the initial panic, Bitcoin has remained in the $104K-$105K range, aided by consistent ETF inflows and a lack of follow-through in military actions, mirroring the typical ‘risk-off, then stabilize’ pattern seen in previous geopolitical crises.”
Santiment compared this price behavior to reactions following the Russia-Ukraine and Israel-Palestine conflicts.
Grayscale sees continued outflows
Only Grayscale’s Bitcoin Trust ETF (GBTC) and its Mini Trust registered outflows, losing $16.4 million and $10.1 million, respectively.
Since April 17, spot Bitcoin ETFs have drawn a total of $11.2 billion in inflows. Over $46.3 billion has entered the 11 US Bitcoin ETF products, with BlackRock’s IBIT and Fidelity’s FBTC holding the largest shares. Grayscale’s GBTC has seen $23.2 billion in outflows.
For detailed ETF flow data, visit the US Bitcoin ETF holdings and flows chart).
