Blackrock and Fidelity Drive Bitcoin ETF Market as Ether ETFs Stay Positive With $19 Million Boost

Bitcoin exchange-traded fund (ETF) bulls aren’t easing up. Wednesday, June 19, marked the 8th straight day of net inflows, underscoring growing institutional interest as the sector absorbed $389.57 million in fresh capital. Leading the charge once again was Blackrock’s IBIT, bringing in a substantial $278.93 million, while Fidelity’s FBTC followed with $104.38 million.

Bitwise’s BITB added a modest $11.32 million, and Grayscale’s Bitcoin Mini Trust saw $10.12 million flow in. A rare inflow of $1.17 million for Hashdex’s DEFI fund rounded off the gains. The only blemish came from Grayscale’s GBTC, which posted a $16.36 million outflow, barely a dent in what was an overwhelmingly positive day. Total trading activity hit $2.94 billion, with net assets climbing to $127.43 billion.

Bitcoin ETFs 8-day inflow run. Source: Sosovalue

Ether ETFs also kept their momentum intact, securing a 3rd straight day of inflows worth $19.1 million. Blackrock’s ETHA drew $15.11 million, while Grayscale’s Ether Mini Trust added another $3.99 million. Total trading for ether ETFs reached a robust $380.08 million, with net assets closing at $9.94 billion.

With both bitcoin and ether ETFs continuing to attract inflows, investor confidence remains tilted toward crypto exposure, even as market watchers keep a cautious eye on macroeconomic cues.