Spot Bitcoin ETFs Extend Nine-Day Inflow Streak Led by IBIT
Spot Bitcoin ETF products recorded a ninth consecutive day of net positive inflows on June 20, with $6.32 million entering the funds. BlackRock’s IBIT led with $46.87 million of inflows, while Fidelity’s FBTC saw an outflow of $40.55 million. The sustained net inflows highlight growing institutional demand for Bitcoin exposure through regulated ETFs without direct custody. Continued buying pressure from ETF issuers—who must purchase underlying BTC to back new shares—can support Bitcoin price stability and indicate broader market sentiment. Traders should monitor spot Bitcoin ETF flows as a key indicator of institutional confidence and potential near-term bullish momentum.
Bullish
The continuation of net inflows into spot Bitcoin ETFs for nine straight days—driven by significant institutional allocations such as BlackRock’s IBIT—signals robust demand that translates directly into on-chain BTC purchases by ETF issuers. This sustained buying pressure supports Bitcoin’s price floor in the short term and reinforces long-term adoption by major investors, underlining a bullish outlook for BTC.