Bitcoin ETFs saw a $305M daily inflow, with BlackRock’s IBIT adding 2,272 BTC, underscoring dominant institutional demand.
Ethereum ETFs posted $501M in weekly inflows, despite daily outflows, led by BlackRock and Grayscale’s aggressive ETH accumulation.
ETH/BTC forms a bullish ascending triangle, signaling a breakout toward 0.02700 BTC if support near 0.02360 BTC holds firm.
Bitcoin ETFs saw a sharp increase in capital inflow on June 16, adding 2,864 BTC worth $305.87 million. According to a post by Lookonchain, this spike underscores growing institutional appetite for Bitcoin exposure through regulated investment vehicles. The iShares Bitcoin Trust (IBIT), operated by BlackRock, dominated the day’s action with an inflow of 2,272 BTC, equal to $242.6 million.
https://twitter.com/lookonchain/status/1934612658088751109
IBIT now holds 671,795 BTC, the largest among all Bitcoin ETFs, with a total valuation of $71.74 billion. Leishman stated in an update that this continued influx “is reshaping long-term BTC distribution and strengthening institutional conviction.” Fidelity’s FBTC added 240 BTC on the day and 720 BTC over the past week, now holding 197,202 BTC. ARK 21Shares’ ARKB saw a daily inflow of 199 BTC, bringing its total to 46,106 BTC.
ETF Structures Reinforce Bullish Momentum for Bitcoin
According to the report , ETF inflows are increasingly split between long-standing vehicles and newer, approved spot ETFs. Each maintains distinct custody strategies, with giants like BlackRock using Coinbase for secure BTC management. The inflow diversity reflects robust institutional strategies amid a bullish trend.
Bitwise’s BITB gained 141 BTC daily and 767 BTC weekly, lifting its holdings to 38,551 BTC. Vaneck’s HODL ETF rose by 117 BTC on the day and 283 BTC this week. Valkyrie’s BRRR, despite losing 96 BTC today, still netted a weekly gain of 26 BTC. Grayscale’s GBTC and its Mini Trust added 48 BTC and 136 BTC, respectively, totaling over 228,000 BTC.
Ethereum ETFs Record Outflows Despite Strong Weekly Growth
In contrast, Ethereum ETFs reported a daily net outflow of 3,748 ETH valued at $9.84 million. However, every week, they added 191,057 ETH, reflecting $501.77 million in capital. BlackRock’s ETHA recorded the highest gains, with 2,126 ETH daily and 138,016 ETH weekly inflows.
Grayscale’s ETHE added 4,181 ETH this week, despite a -78 ETH daily change. Fidelity’s ETHF lost 3,496 ETH today but secured 28,218 ETH weekly. Bitwise’s ETHW added 1,165 ETH daily and 5,305 ETH for the week, while smaller funds remained flat or slightly negative.
ETH/BTC Technical Pattern Hints at Breakout Potential
At 0.02414 BTC, Ethereum is building an ascending triangle on the 4-hour ETH/BTC chart. Batman, a technical analyst, claims that the pattern indicates bullish momentum, with support near 0.02360 BTC and resistance around 0.02660 BTC. A run toward 0.02700 BTC can be triggered by a breakout.
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