BlackRock’s IBIT Fund Secures $3.85 Billion in June While GBTC Faces $34.8 Million Outflow

In June, US-based spot Bitcoin ETFs experienced a shift from initial outflows to cumulative net inflows nearing $49 billion.

  • Spot BTC ETFs saw a net inflow of $4.60 billion with a monthly trading volume of $60 billion.
  • BlackRock’s IBIT fund contributed $3.85 billion to these inflows, raising its cumulative total to $54.42 billion and current net assets to $75 billion.
  • Grayscale’s GBTC recorded a net outflow of $34.8 million, the lowest since its launch in January 2022.
  • GBTC’s largest sale was $6.36 billion in March 2024, indicating a potential end to significant fund reallocations.
  • The crypto market faced bearish pressures, including the Iran-Israel conflict and rumors of a Bitcoin selloff by Michael Saylor’s MicroStrategy.
  • Despite this, spot BTC ETFs maintained consistent inflows since June 6, reflecting ongoing demand for Bitcoin-related products.
  • Bitcoin's market dominance decreased to 64.6%, while its price remained stable around $107,000.