US Bitcoin and Ethereum Spot ETFs, 10th Consecutive Day of Net Inflows... "Institutional Buying Continues"

BlackRock and Fidelity Lead Expansion of Net Inflows from Major Asset Managers
Expert: "Institutions Continue to Purchase ETFs Despite Unstable Geopolitical Situation"

The US cryptocurrency exchange-traded fund (ETF) market has achieved 10 consecutive days of net inflows as institutional buying continues despite unstable international conditions. According to Coin Glass's on-chain analysis platform data on the 25th, the Bitcoin spot ETF recorded net inflows for the third and fourth weeks of June, totaling approximately $350.43 million (about 477.3 billion won) over 10 trading days. BlackRock and Fidelity are the leading drivers of the Bitcoin spot ETF's success. BlackRock's 'IBIT' and 'FBTC' recorded net inflows of approximately $210.76 million (about 286.9 billion won) and $150.66 million (about 205.1 billion won), respectively. Additionally, Bit Wise's 'BITB' achieved net inflows of about $14.57 million (about 19.9 billion won). Among US Bitcoin spot ETFs, Grayscale's 'GBTC' was the only one to record net outflows. GBTC's net outflows over 10 days were approximately $5.69 million (about 7.8 billion won). The total trading volume of US Bitcoin spot ETFs reached $4.44 billion (about 6 trillion 490 billion won), with total net asset size calculated at $12.661 billion (about 172 trillion 4,935 billion won). Ethereum (ETH) also recorded net inflows, indicating a recovery in investment sentiment. Over the past 10 days, net inflows for US Ethereum spot ETFs were approximately $100.78 million (about 137.3 billion won). Experts are providing positive assessments of the concurrent net inflows of Bitcoin and Ethereum spot ETFs. A domestic cryptocurrency expert stated, "The net inflows of Bitcoin and Ethereum spot ETFs demonstrate continued institutional buying and reflect an optimistic atmosphere in the cryptocurrency fund market overall. Particularly, these net inflows continuing even amid price instability due to conflicts in the Middle East is very encouraging." Reporter Ha-yeon Jeong yomwork8824@blockstreet.co.kr