Bitcoin ETFs Rebound with $86M Inflow Led by BlackRock's IBIT

Bitcoin ETFs finally saw some positive inflows after weeks of outflows. On June 12, the 12 tracked funds collectively pulled in $85.9 million, roughly equivalent to 1,350 BTC. BlackRock's iShares Bitcoin Trust (IBIT) was the main driver of this influx, attracting $57.7 million on its own.

This inflow is particularly noteworthy given the $1.67 billion hemorrhage seen by Bitcoin ETFs in the preceding week. Despite the reversal, the concentration of flows into BlackRock and Fidelity remains a concern for smaller issuers struggling to attract meaningful capital.

The divergence between Bitcoin and Ethereum ETFs also warrants attention. While $86 million flowed into Bitcoin products on June 12, Ethereum spot ETFs recorded modest net outflows of approximately $4.9 million. This could indicate that institutions are favoring Bitcoin over Ethereum, potentially creating a widening performance gap between the two largest crypto assets.