Bitcoin ETFs are Back, Baby! 🚀

by

It seems the institutional investors have finally remembered where they put their Bitcoin-shaped party hats, because the spot BTC ETFs have pulled in a rather impressive $1.07 billion in just four days. And this, dear reader, is against a backdrop of market shenanigans that would make even the most seasoned Ankh-Morpork trader raise an eyebrow.

According to those clever folks at Santiment, between June 9 and June 11, the BTC-backed financial instruments were raking it in like a group of dwarves at a particularly lucrative gemstone mine. A whopping $970 million, to be exact. And just to make sure we’re not just talking about a flash in the pan, SoSoValue chimed in with their own data, showing that spot Bitcoin ETFs have gone from a brief period of outflows to four straight days of positive inflows. It’s like the investors are trying to make up for lost time… or perhaps they just really love the thrill of a good market rollercoaster.

Now, let’s get to the juicy bits. On Monday, the ETFs absorbed a tidy $386.27 million, followed by a rather more substantial $431.12 million on Tuesday. We’re not sure what they’re serving at the investor buffet, but it’s clearly working. And just to put the cherry on top, BlackRock’s IBIT shattered records by becoming the fastest exchange-traded fund to reach $70 billion in assets under management (AUM). We’re not sure what the secret to their success is, but we’re pretty sure it involves a lot of caffeine and possibly a few late nights spent shouting at screens.

The rest of the week was a bit of a mixed bag, with Wednesday bringing in $164.57 million and Thursday a rather more modest $86.31 million. Still, that’s a four-day total of $1.07 billion, which is nothing to sneeze at. And just to put it into perspective, that’s effectively erased the $278.44 million and $47.82 million in outflows recorded on June 5 and June 6, respectively. It’s like the investors are playing a game of financial whack-a-mole – except instead of mallets, they’re using giant piles of cash.

But wait, there’s more! Because just as things were getting interesting, the Middle East decided to throw a bit of a spanner in the works. Israel’s missile strike on Iranian nuclear sites sent the markets into a bit of a tailspin, wiping out more than $190 billion in total crypto market capitalization. Bitcoin, being the drama queen that it is, tumbled from an intraday high of $108,369 to a low of $103,081 within hours. It’s since clawed back a bit, but we’re pretty sure there are a few investors out there who are still having palpitations.

And yet, despite all the chaos, BTC remains 1% higher than a week ago. It’s like the cryptocurrency equivalent of a cockroach – no matter how many times you try to squash it, it just keeps on coming back. Although, if we’re being entirely honest, there are signs that the king cryptocurrency’s crown may soon face a challenge. Spot Ethereum ETFs have now posted 19 straight days of net inflows, and even overtook Bitcoin for the first time with a record $240 million in daily net additions on June 11. It’s like the investors are trying to send a message – and that message is “Hey, Bitcoin, you’re not the only game in town anymore.”

Read More

2025-06-13 15:43