Key Takeaways
- Bitcoin ETFs within the U.S. have seen 13 straight days of inflows, totaling almost $3 billion.
- Institutional buyers are driving ETF inflows, whereas short-term holders are decreasing their positions.
- Regulatory momentum is rising for altcoin ETFs, with excessive approval odds for Solana, XRP, and Litecoin merchandise.
U.S. spot Bitcoin exchange-traded funds have seen 13 consecutive buying and selling days of inflows, bringing in over $2.9 billion.
That is the longest influx streak since December 2024.
Largest June influx
The ETFs logged their largest single-day influx for June—$588.6 million on Tuesday—pushing this week’s complete above $1.2 billion.
BlackRock’s IBIT led with $163.7 million on Thursday, adopted by Constancy’s FBTC ($32.9 million) and Bitwise’s BITB ($25.2 million), whereas different funds like Ark’s ARKB and Invesco’s BTCO noticed smaller good points.
Grayscale’s GBT and a number of other minor ETFs reported little to no exercise. For an in depth have a look at ETF flows, see the US bitcoin ETF present and historic holdings.
Institutional curiosity and market dynamics
The momentum displays a shift towards institutional funding in Bitcoin. ETF managers more and more make the most of over-the-counter channels to keep away from impacting the bitcoin worth.
Peter Chung, head of analysis at Presto Labs, advised Decrypt:
“ETF flows are largely pushed by two kinds of buyers: Lengthy-only elementary buyers and foundation arb merchants.”
Chung added that with foundation arbitrage much less enticing, most ETF flows now come from long-only buyers.
On-chain information additionally reveals a lower in Bitcoin held by short-term holders, indicating that short-term merchants have been promoting aggressively whereas establishments accumulate.