Bitcoin ETFs added another $589 million to their coffers, marking an impressive 11th straight day of inflows, with Blackrock’s IBIT once again dominating. Ether ETFs also stayed in positive territory with a $71.24 million net gain.
Crypto Funds Ride Institutional Momentum as Bitcoin and Ether ETFs Stay in the Green
Momentum in the crypto exchange-traded fund (ETF) space remained unshaken on Tuesday, June 24, as bitcoin ETFs locked in their 11th consecutive day of net inflows, drawing a total of $588.55 million. Even more telling, institutional confidence appears concentrated, as Blackrock’s IBIT alone absorbed $436.32 million, accounting for nearly 75% of the day’s activity.
Following IBIT, Fidelity’s FBTC pulled in a strong $85.16 million, while Ark 21Shares’ ARKB netted $43.85 million. Additional support came from Bitwise’s BITB ($9.76 million), Grayscale’s Bitcoin Mini Trust ($7.49 million), and Vaneck’s HODL ($5.97 million). Trading activity remained robust with $3 billion in daily volume, lifting total net assets for bitcoin ETFs to $130.28 billion.
Meanwhile, ether ETFs continued their winning streak with a $71.24 million net inflow, despite some friction. Blackrock’s ETHA dominated, posting $97.98 million in inflows. However, Fidelity’s FETH saw a sizable $26.74 million outflow, slightly tempering the overall bullish print. Still, ether ETF volume stayed healthy at $562.18 million, with net assets climbing to $9.87 billion.
As digital assets trend upward, ETFs are proving to be a reliable barometer of institutional conviction. Bitcoin may lead the charge, but ether is holding steady, signaling strength across both asset classes.
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