Bitcoin ETFs Keep Drawing Cash Despite Market Slump
The crypto market’s been rough lately—no sugarcoating it. Bitcoin and other major coins are still trying to claw back from recent drops, with BTC hovering just above $104,000 after briefly dipping below that mark. But here’s the odd thing: while regular investors seem hesitant, the big players aren’t backing off. Spot Bitcoin ETFs just racked up their eighth straight day of inflows, pulling in nearly $390 million on June 18 alone.
That’s not pocket change. Over this eight-day streak, these funds have absorbed around $2.4 billion. It’s a weird disconnect, honestly. The market’s shaky, yet institutional money keeps flowing in like nothing’s wrong. Maybe they’re betting on a rebound, or maybe they just see this as a discount. Either way, it’s hard to ignore.
BlackRock’s ETF Still Leads the Pack
No surprise here—BlackRock’s iShares Bitcoin Trust (IBIT) is still the heavyweight champ. It scooped up $278.93 million of that fresh cash on June 18, pushing its total net inflows past $50 billion. That’s… a lot. The fund’s net assets now sit at $71.06 billion, which feels almost unreal given how jittery the broader market’s been.
Fidelity’s FBTC came in second with $104.38 million, bringing its cumulative inflows to $11.5 billion. Bitwise and Grayscale’s mini trust trailed behind, but even they pulled in eight-figure sums. It’s not like this money’s trickling in; it’s pouring.
What’s Going On Here?
You’d think a shaky Bitcoin price would scare off ETF investors, but nope. If anything, they’re doubling down. It’s possible institutions see this as a long game—grabbing BTC while it’s “cheap” before the next rally. Or maybe they’re just less fazed by short-term dips than retail traders.
Bitcoin itself has inched up 0.31% over the past day, which isn’t much, but at least it’s not another nosedive. The fact that ETFs are thriving while the spot market limps along is… interesting. It suggests confidence isn’t gone—it’s just parked somewhere safer for now.
Will this streak hold? No idea. Markets are unpredictable, and crypto’s especially wild. But for now, the big money’s still betting on Bitcoin, even if the little guys are sweating.
