Spot Bitcoin ETFs Hit 15 Day Inflow Streak With Nearly $5 Billion Added

Spot Bitcoin ETFs (exchange-traded funds) extended their positive inflows streak to 15 days yesterday as investors poured nearly $5 billion into the funds during this period.

“15 straight days of inflows into spot btc ETFs…,” said ETF Store president Nate Geraci in an X post today. “ Approaching $5bil in new $$$. Not $5bil this year,” he added.”

Bitcoin

BlackRock Maintains Dominance, Is The Only Bitcoin ETF To Record Inflows Yesterday

Data from Farside Investors shows the US Spot Bitcoin ETFs posted $102.1 million in net inflows yesterday. This comes just after the funds recorded over $500 million inflows on both June 25 and June 27.

BlackRock’s IBIT, which leads the funds in terms of cumulative inflows since the products launched in January 2024, continued to display its dominance during yesterday’s trading session. On the day, the fund pulled in another $112.3 million. This has pushed IBIT’s total net inflows to $52.421 billion.

IBIT was also the only US spot Bitcoin ETF to record positive net outflows yesterday, while investors withdrew $10.2 million from Ark Invest’s ARKB fund on the same day.

Bitcoin Makes History With Highest Monthly Candle Close, Analysts Anticipate Break Out

The strong Bitcoin ETF flows helped the leading crypto close its June monthly candle at a record high, according to renowned crypto analyst Rekt Capital. In an X post today, he told his over 594.5K followers, “Technically, Bitcoin has fully confirmed a breakout from its Monthly Range.” 

He added that there could be a continuation of BTC’s positive trend, provided “buy-side” volume enters the leading crypto’s order books. Until then, he warned that there could be some retests of key support in an effort to “fuel the next uptrend.” 

Michael van de Poppe seems to agree, and told his over 793.6k followers on X that any dips in Bitcoin’s price “are the buy the dip ones.” 

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