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According to Trader T (@thepfund) data, Bitcoin spot ETFs recorded a net inflow of $221.72 million yesterday, following 10 consecutive trading days of net outflows. Performance of each product is as follows: • Fidelity FBTC: +$165.96 million (largest inflow of the day) • Ark ARKB: +$91.84 million • VanEck HODL: +$4.35 million • BlackRock IBIT: -$40.43 million (counter-trend outflow) • Other products (Bitwise, Invesco, Franklin, Valkyrie, WisdomTree, Grayscale, Morgan Stanley): No fund changes for the day
According to Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $296 million yesterday. On the outflow side: BlackRock $IBIT saw an outflow of $219 million, Grayscale $GBTC saw an outflow of $62.79 million, Fidelity $FBTC saw an outflow of $51.02 million, and Ark $ARKB saw an outflow of $39.90 million. On the inflow side: Grayscale Mini $BTC saw an inflow of $36.33 million, Morgan Stanley $MSBT saw an inflow of $29.81 million, Invesco $BTCO saw an inflow of $5.37 million, Franklin $EZBC saw an inflow of $3.48 million, and VanEck $HODL saw an inflow of $2.13 million. Bitwise $BITB, Valkyrie $BRRR, and WisdomTree $BTCW had zero inflows and outflows for the day.
According to the weekly market report released by BIT Official, heavy selling in semiconductor and AI stocks on June 23-24 triggered defensive adjustments by institutional capital. BTC fell below $60K on June 24, hitting a low of ~$59,000 (intraday decline of approximately 5%). Approximately $994 million in liquidations occurred during the same period (of which approximately $780 million were long positions). Approximately $1.2 billion in nominal Put positions at the $60K level forced market makers to short, exacerbating the downward trend. As of the weekend, BTC was quoted at ~$59,992, down 6.9% for the week; ETH was quoted at ~$1,578, down 9.3% for the week. In terms of volatility, DVOL only rose slightly (BTC 44.1→45.7, ETH 57.3→59.5), front-end skew tended to stabilize, and convexity returned to normal. The institutional defensive hedging ratio decreased from 29.6% to 19.7%, shifting towards two-way balance, overall showing characteristics of an "orderly decline" rather than panic selling. In terms of ETFs, for the week ending June 26, US spot BTC ETFs saw net outflows of approximately $1.79 billion, marking the second-highest weekly outflow record in history, and have seen net outflows for 7 consecutive weeks; IBIT net assets decreased to approximately $44.4 billion, with average holders having an unrealized loss of approximately 40%. Strategy purchased only 520 BTC this week (approximately $34.9 million), significantly slowing down compared to the previous two weeks. MSTR stock price has fallen below its BTC book value, and the flywheel effect has been affected
The Kobeissi Letter posted an analysis pointing out that since April, US gold and Bitcoin-related ETFs have seen cumulative net outflows of approximately $12 billion, while semiconductor ETFs recorded net inflows of about $20 billion over the same period, with capital clearly concentrating on tech growth sectors. This trend accelerated further in mid-May: outflows from gold and Bitcoin ETFs more than tripled, while inflows into semiconductor ETFs doubled. In terms of market performance, the world's largest gold ETF, GLD, has fallen about 13% since early April, while the Bitcoin ETF IBIT has dropped approximately 12% over the same period. In contrast, semiconductor ETFs SOXX and SMH have risen by roughly 81% and 60%, respectively. The analysis suggests that the current market exhibits a clear "risk appetite shift," with retail capital accelerating its flow from safe-haven assets and crypto assets into high-growth semiconductor and AI-related sectors, driving the market in an unprecedented manner.
According to Farside Investors data, U.S. spot Bitcoin ETFs recorded a combined net outflow of $1.7873 billion this week. Specifically, BlackRock’s IBIT, Fidelity’s FBTC, and Grayscale’s GBTC saw net outflows of $1.304 billion, $315 million, and $135 million, respectively.
According to data from Trader T (@thepfund), yesterday’s spot Bitcoin ETFs recorded a net outflow of $469 million—significantly higher than the previous day’s net outflow of $114 million on June 23. Specifically, BlackRock’s IBIT saw an outflow of $239 million, Fidelity’s FBTC an outflow of $121 million, Grayscale’s GBTC an outflow of $54.34 million, Ark’s ARKB an outflow of $50.66 million, and Bitwise’s BITB an outflow of $27.53 million. Only Grayscale Mini BTC posted a net inflow of $23.56 million; all other products registered zero net flow for the day.
Bitcoin continues to face pressure amid macroeconomic uncertainty and institutional wait-and-see sentiment, hovering around $64,500, down approximately 2% on the day. The market is awaiting the outcome of the Fed FOMC meeting, which will be chaired by Kevin Warsh for the first time, with widespread expectations that interest rates will remain unchanged in the 3.50%–3.75% range.Analysts point out that the focus of this meeting has shifted from "whether to cut rates" to "policy path and inflation signals." Current US inflation is believed to remain near three-year highs, with energy prices and geopolitical developments keeping the market cautious about the future policy direction.Pressure is also emerging simultaneously on the chain and institutional levels. Structural concerns surrounding Strategy (formerly MicroStrategy) continue to escalate, with its preferred stock STRC falling to $91.79 on June 16, over 8% below its $100 par value, seen as a sign of weakening corporate Bitcoin buying power.Although spot Bitcoin ETFs recorded net inflows of approximately $10.1 million on June 16, with BlackRock's IBIT contributing the majority, the capital scale remains significantly lower than in previous periods, indicating limited buying momentum.Market research firms Bitfinex and QCP note that the recent Bitcoin rebound appears more like a "technical recovery driven by exhausted selling pressure" rather than being fueled by new demand. In the derivatives market, rising implied volatility in options and a skew towards put protection suggest traders are pricing in tail risks.In terms of price structure, Bitcoin is considered to be oscillating in the short term within the $60,000 to $68,000 range. If the Fed signals a hawkish stance or institutional buying weakens further, a pullback to the $62,000–$63,000 range is possible.Overall, the current market presents a combination of "macro wait-and-see, marginal institutional weakening, and heightened derivatives defense." The short-term direction still depends on FOMC policy signals and the potential return of ETF and corporate capital flows. (The Block)
as SpaceX is poised to be included in several major index systems, passive investors may be forced to hold the stock, thereby taking on significantly increased portfolio volatility risk. Multiple index providers (including CRSP, Nasdaq, FTSE Russell, and MSCI) have already adjusted their rules to accommodate SpaceX's inclusion in large-cap indices.Analysis points out that with SpaceX's current implied volatility approaching 120%—approximately three times that of Bitcoin-related ETFs (such as IBIT)—it will become one of the most volatile components of the S&P 500 and Nasdaq 100. Industry insiders state that once large ETFs (such as the Vanguard Growth Index Fund) passively gain exposure to SpaceX, it will significantly elevate the overall volatility level of the indices, sparking debate over "passive investors being forced to assume high-risk assets."However, some believe that as it enters the index system, sustained passive fund inflows and market-making mechanisms could, in the medium to long term, reduce its extreme volatility and enhance liquidity stability. (CNBC)
According to data from Trader T (@thepfund), yesterday’s net inflow into Bitcoin spot ETFs amounted to $10.04 million. Specifically, BlackRock’s $IBIT saw an inflow of $16.34 million, Fidelity’s $FBTC an inflow of $4.28 million, Morgan Stanley’s $MSBT an inflow of $1.88 million, and Grayscale’s mini-Bitcoin ETF $BTC an inflow of $4.35 million; meanwhile, Grayscale’s $GBTC experienced an outflow of $16.81 million.
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net outflow of $64.84 million yesterday. Grayscale’s GBTC alone saw a single-day outflow of $124 million, dragging down overall performance; BlackRock’s IBIT posted the strongest inflow at $66.45 million, followed by Morgan Stanley’s MSBT ($9.35 million) and Grayscale’s Mini BTC ($10.6 million); Fidelity’s FBTC recorded an outflow of $8.69 million, VanEck’s HODL $6.13 million, Ark Invest’s ARKB $6.63 million, and Franklin Templeton’s EZBC $5.78 million.
According to SoSo Value data, U.S. spot Bitcoin ETFs recorded net inflows of nearly $86 million last Friday, equivalent to approximately 1,350 BTC, with BlackRock's IBIT alone seeing net inflows of nearly $58 million. Standard Chartered's Head of Global Digital Assets Research, Geoffrey Kendrick, suggested that the recent ETF sell-off may be partly driven by some holders liquidating positions to free up cash for participation in SpaceX's IPO. Since October last year, U.S. spot Bitcoin ETFs have accumulated net outflows of $7.6 billion, including $3 billion in the first six months of 2026. Strategy remains the world's largest corporate holder of Bitcoin, with over 800,000 BTC in its treasury. Michael Saylor resumed Bitcoin purchases in early June, following sales by Strategy at the end of May.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net inflow of $30.27 million, ending an 18-day streak of consecutive net outflows. All inflows came from BlackRock’s $IBIT; all other ETFs registered zero inflows that day.
贝莱德 IBIT 和富达 FBTC 两只基金占据美国现货比特币 ETF 大部分新资金流入，市场呈现双寡头格局。
: Bloomberg ETF analyst Eric Balchunas revealed that BlackRock has submitted the fourth and possibly final S-1 amendment for its Bitcoin Yield-Enhanced ETF, the "iShares Bitcoin Premium Income ETF (BITA)," disclosing for the first time a management fee of 0.65%, significantly higher than the spot Bitcoin ETF IBIT (0.25%).
According to data from Trader T (@thepfund), Bitcoin spot ETFs recorded a net inflow of $2.69 million yesterday, ending a 13-day streak of net outflows (totaling approximately $4.37 billion). BlackRock’s $IBIT saw a single-day inflow of $47.3 million, and Morgan Stanley’s $MSBT recorded an inflow of $9.87 million—making them the primary contributors. Meanwhile, ARK’s $ARKB experienced an outflow of $20.72 million, Bitwise’s $BITB an outflow of $15.57 million, and Invesco’s $BTCO an outflow of $12.65 million; all other products saw zero net fund flows.
According to data from Trader T (@thepfund), Bitcoin spot ETFs saw net outflows of $397 million yesterday, including $342 million out of BlackRock’s IBIT and $54.26 million out of Fidelity’s FBTC; all other products experienced no flows that day. This marks the 13th consecutive trading day of net outflows for Bitcoin spot ETFs, bringing the cumulative outflow to $4.37 billion.
According to Trader T (@thepfund), yesterday’s Bitcoin spot ETFs recorded a net outflow of $519 million, marking the 12th consecutive day of net outflows and bringing the cumulative outflow to approximately $3.97 billion (roughly 62,000 BTC). Among them, BlackRock’s IBIT saw a single-day outflow of $389 million; Grayscale’s GBTC recorded an outflow of $83.51 million; and Fidelity’s FBTC registered an outflow of $45.14 million. Morgan Stanley’s MSBT was the only ETF with net inflows on the day, recording $14.77 million in inflows.
According to data from Trader T (@thepfund), yesterday’s Ethereum spot ETFs recorded a net outflow of $90.14 million: BlackRock’s $ETHA saw an outflow of $44.27 million, Grayscale’s $ETH (mini) an outflow of $25.41 million, and Fidelity’s $FETH an outflow of $15.63 million; all other products experienced no fund flows. Meanwhile, BlackRock’s Bitcoin ETF $IBIT recorded a net outflow of 6,164 BTC (approximately $440 million) on the same day—its 11th consecutive day of net outflows—with a single-day trading volume reaching $2.2 billion.
According to data from Trader T (@thepfund), Bitcoin spot ETFs saw a net outflow of $483.76 million yesterday—the largest single-day outflow in recent days. BlackRock’s IBIT accounted for $440.29 million of this outflow, representing over 90% of the total; Fidelity’s FBTC saw an outflow of $37.29 million; Ark’s ARKB recorded an outflow of $12.32 million; only Morgan Stanley’s MSBT posted a net inflow of $6.14 million, while all other funds reported zero net flow that day.
U.S. spot Bitcoin ETFs have experienced net capital outflows for nine consecutive trading days, totaling approximately $2.84 billion. This marks the longest consecutive losing streak since the product's launch in 2024, surpassing the previous record set on February 8, 2025. BlackRock's IBIT was the primary source of these outflows.Analysts indicate that this round of capital outflows reflects a notable cooling in institutional demand for Bitcoin ETF exposure. Meanwhile, the market is showing signs of divergence: Hyperliquid-related ETFs and certain XRP spot ETFs continue to record capital inflows. In contrast, spot Ethereum ETFs have also faced capital outflows for 13 consecutive days, with cumulative outflows reaching approximately $694 million. This suggests that capital within crypto asset ETFs is undergoing a reallocation. (Cointelegraph)