Despite the continuous decline in market prices for BTC and ETH, net inflows into spot ETFs continue to show growth
On June 13, according to SoSoValue data, the total net inflow of Bitcoin spot ETF yesterday was $86.31 million, marking four consecutive days of net inflows.
Among them, Blackrock's Bitcoin ETF IBIT had a single-day net inflow of $288 million, with a cumulative net inflow of $49.53 billion; Grayscale's Bitcoin ETF GBTC had a single-day net inflow of $5.89 million, with a cumulative net outflow of $23.25 billion;
Meanwhile, Fidelity's ETF FBTC experienced a net outflow of $197 million in a single day, with a historical total net inflow of $11.49 billion. Ark & 21shares ETF ARKB had a net outflow of $10.73 million in a single day, with a cumulative net inflow of $2.44 billion.
As of now, the total net asset value of Bitcoin spot ETFs is $130.26 billion, accounting for 6.18% of Bitcoin's total market capitalization, with a cumulative total net inflow of $45.31 billion.
At the same time, the Ethereum spot ETF had a total net inflow of $11.2 million yesterday, marking 19 consecutive days of net inflows.
Among them, Blackrock's Ethereum ETF ETHA had a single-day net inflow of nearly $10.2 million, with a cumulative net inflow of $5.24 billion; Fidelity's Ethereum ETF FETH had a single-day net inflow of $10.83 million, with a cumulative net inflow of $1.6 billion.
As of now, the total net asset value of Ethereum spot ETFs is $10.76 billion, accounting for 3.38% of Ethereum's total market capitalization, with a cumulative total net inflow of $3.86 billion.
In summary, despite Bitcoin and Ethereum prices experiencing three consecutive declines this week, spot ETFs continue to see inflows, which may indicate that the market is undergoing a normal correction rather than a trend reversal.
The continuous inflow of institutional funds also shows that investors recognize the future value of Bitcoin and Ethereum, reflecting their long-term confidence in cryptocurrencies.
However, investors still need to closely monitor market dynamics and global policy changes, remain cautious and rational, and properly allocate their personal assets.
