After weeks of watching money pour out the door, US spot Bitcoin ETFs finally caught a break. On June 12, the 12 tracked funds collectively pulled in $85.9 million in net inflows, roughly equivalent to 1,350 BTC.
BlackRock’s iShares Bitcoin Trust, better known as IBIT, did most of the heavy lifting. The fund attracted $57.7 million on its own, accounting for about two-thirds of the day’s total inflow. If you’re keeping score at home, that’s roughly 907 BTC flowing into a single product in a single day.
A reversal worth watching
Here’s the thing about this $86M inflow: it doesn’t exist in a vacuum. It arrived after a genuinely rough stretch for Bitcoin ETFs, which had hemorrhaged more than $1.67 billion in outflows over the preceding week.
Fidelity’s FBTC and other funds contributed smaller positive flows to the day’s total, but the story remains remarkably concentrated at the top. BlackRock and Fidelity continue to dominate the Bitcoin ETF landscape, with the remaining funds playing supporting roles at best.
