Bitcoin ETFs Attract $390M Inflows Despite Market Slump

Despite the ongoing slump in the crypto market, U.S. spot Bitcoin ETFs are seeing a surge in investor confidence, recording eight consecutive days of inflows. On June 18 alone, net inflows totaled $389.57 million, according to data from SosoValue. This brings the total inflow streak to $2.4 billion, signaling strong institutional interest even as Bitcoin struggles to recover from recent price dumps.

While retail sentiment remains cautious, institutional investors are doubling down on Bitcoin exposure through ETFs. BlackRock’s iShares Bitcoin Trust (IBIT) led the inflow charge, securing $278.93 million in a single day. IBIT now boasts a total net inflow of $50.95 billion and $71.06 billion in net assets, maintaining its dominance in the ETF space.

Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $104.38 million in daily net inflows, raising its cumulative total to $11.5 billion and net assets to $20.49 billion. Bitwise’s BITB and Grayscale’s Bitcoin Mini Trust also posted daily inflows of $11.32 million and $10.12 million, respectively.

This ETF inflow streak contrasts with Bitcoin’s recent performance, which dipped as low as $103,695. However, Bitcoin has shown slight resilience, trading above $104,000 with a 0.31% 24-hour gain, per CoinMarketCap data.

The consistent ETF inflows reflect a growing divergence between short-term market volatility and long-term institutional conviction. As Bitcoin ETFs continue to attract capital, they may serve as a stabilizing force, reinforcing the asset's role as a maturing investment vehicle. With BlackRock and Fidelity leading the charge, Bitcoin’s institutional narrative appears stronger than ever, even amid broader market uncertainty.