In my previous post about Bitcoin ($BTC ), I mentioned that the upward reaction movement was over and that I expected a deep correction. We are currently continuing this correction movement. I believe that this correction is the last buying opportunity before potential parabolic rises. I think we are very close to those who have been patient until now getting the reward of their patience.

ETF Flows and Performance

-U.S. spot Bitcoin ETFs recorded about $86 million in net inflows on June 12, marking the fourth straight day of positive flows.

-Weekly inflows now exceed $1.07 billion, pushing total assets under management (AUM) to around $130.3 billion, up from below $30 billion in early 2024.

Leading ETF Issuers

-BlackRock’s IBIT continues to dominate, now holding over $70 billion in AUM, and saw $289 million in inflows on June 12.

-Fidelity’s FBTC faced a notable $197 million outflow on the same day, indicating a shift in investor preference.

-Grayscale’s GBTC appears to be stabilizing after earlier outflows.

Market Context

-Spot Bitcoin ETFs are now widely held in institutional portfolios. Their popularity has helped push Bitcoin above $100,000, though still below its recent peak near $112,000 in May.

-ETF growth is expanding beyond Bitcoin, with more filings for Ethereum and even altcoins.

-Regulatory momentum remains supportive. ARK’s Bitcoin ETF will undergo a 3-for-1 stock split on June 16 to attract more retail participation.

Summary Insight

Bitcoin ETFs are in a growth phase, seeing steady inflows and reshaping institutional exposure to crypto. BlackRock and Fidelity are the main competitors, with investors closely watching fees, liquidity, and broader crypto adoption. Regulatory signals and the arrival of altcoin ETFs are expected to shape the next phase.