1 July 2025
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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.