Bitcoin ETFs see $86M inflow led by BlackRock, ending weeks of outflows.
After weeks of $1.67 billion in outflows from US spot Bitcoin ETFs, $86 million flowed back in on June 12, driven mainly by BlackRock's iShares Bitcoin Trust (IBIT) which accounted for nearly two-thirds of the inflow. IBIT alone attracted about $57.7 million, buying roughly 907 BTC, signaling sustained institutional interest. BlackRock's growing Bitcoin offerings, including the new yield-generating BITA ETF, show the firm's commitment to long-term Bitcoin investment infrastructure. While encouraging, this single-day inflow recoups only about 5% of recent outflows, suggesting cautious optimism rather than a clear trend reversal.
After weeks of $1.67 billion in outflows from US spot Bitcoin ETFs, $86 million flowed back in on June 12, driven mainly by BlackRock's iShares Bitcoin Trust (IBIT) which accounted for nearly two-thirds of the inflow. IBIT alone attracted about $57.7 million, buying roughly 907 BTC, signaling sustained institutional interest. BlackRock's growing Bitcoin offerings, including the new yield-generating BITA ETF, show the firm's commitment to long-term Bitcoin investment infrastructure. While encouraging, this single-day inflow recoups only about 5% of recent outflows, suggesting cautious optimism rather than a clear trend reversal.
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