Yeliz Akmaca 
The crypto market witnessed a significant milestone on June 24, with strong inflows into Spot Bitcoin ETFs totaling $589 million and Spot Ethereum ETFs seeing $71 million. This development highlights a rapidly growing interest from institutional investors.
Institutional Interest in Bitcoin ETFs Peaks
According to Foresight News and SoSoValue data, Spot Bitcoin ETFs saw a net inflow of $589 million on June 24 alone. This figure marks the highest inflow in the ongoing 11-day streak of consistent ETF entries. BlackRock’s IBIT fund contributed a major share of this influx. This robust movement reinforces institutional confidence in Bitcoin. The total net asset value of Spot Bitcoin ETFs has now reached approximately $130 billion, accounting for 6.18% of Bitcoin’s total market capitalization. The historical net inflow amount stands at $47.6 billion.
BlackRock’s IBIT fund alone accounted for $217 million of this inflow. Fidelity’s FBTC product saw $105 million, while the Bitwise ETF recorded a $15 million net inflow.
More importantly, these types of inflows exert upward pressure on the market. Bitcoin managed to hold above $104,000 in response to this fund flow, indicating that investors are anticipating a new bullish wave.
Ethereum ETFs Off to a Strong Start
Ethereum ETFs also attracted significant inflows. On the same day, Spot Ethereum ETFs recorded a total of $71.24 million in net inflows. BlackRock’s ETHA fund stood out with an inflow of approximately $98 million. On the other hand, Fidelity’s FETH fund experienced an outflow of around $27 million.
According to experts, this data signals a strong start for Ethereum ETFs. Following regulatory approval, Ethereum is expected to attract strong institutional demand, much like Bitcoin.
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