Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows
Bitcoin Magazine Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows US spot Bitcoin ETFs attracted $591.3 million in net inflows on Monday, extending last week’s momentum that saw over $3.3 billi...
Bitcoin Magazine
Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows
US spot Bitcoin ETFs attracted $591.3 million in net inflows on Monday, extending last week’s momentum that saw over $3.3 billion in total inflows. BlackRock’s iShares Bitcoin Trust (IBIT) dominated with $970.9 million in purchases, marking its second-largest daily inflow since launching in January.
“Nearly $1bil into iShares Bitcoin ETF today… 2nd largest inflow since Jan 2024 inception. I still remember when there was ‘no demand,'” Nate Geraci, president of the ETF Store, noted on social media.
The strong inflows were not uniform across all funds, however. ARK 21Shares Bitcoin ETF (ARKB) saw $226.3 million in outflows, while Fidelity’s Bitcoin ETF experienced $86.9 million in redemptions during the same period.
IBIT has established itself as the clear market leader, now controlling the majority of total US spot Bitcoin ETF assets. The fund currently manages over $54 billion in assets.
Bitcoin remained stable above $95,000 during Monday’s trading, showing resilience despite mixed flows across different ETF providers. Bitcoin has gained significant momentum in recent weeks, supported by strong institutional demand through regulated investment vehicles.
Last week’s total ETF inflows of over $3.3 billion marked the second-highest weekly total since these products launched in January, exceeded only by their debut week.
The sustained institutional interest comes amid improving macro conditions and growing mainstream adoption of Bitcoin as an investment asset. Recent developments, including signals from President Trump regarding import tariffs and new SEC Chairman Paul Atkins’ pro-crypto stance, have helped maintain positive market sentiment.
This post Bitcoin Price Steady At $95,000 As US Bitcoin ETFs See $591 Million Inflows first appeared on Bitcoin Magazine and is written by Vivek Sen.
Original source
Read on Bitcoin MagazineRelated market context
Bitcoin price challenges $64,000 weekend wall – needing a breakout or risk a deeper correction
Bitcoin reclaimed $64,000 on June 12 and touched an intraday high of $64,301 in the same session that spot ETF flows finally flipp...
Bitcoin, XRP spot ETFs see inflows while Ethereum records outflows on June 12
Bitcoin and XRP ETF inflows suggest cautious optimism, while Ethereum's outflows highlight potential liquidity and investor confid...
Spot bitcoin ETFs snap five-day outflow streak with $85.8 million Friday inflow as ether funds keep sliding
BlackRock's IBIT led Friday's inflows at $57.7 million, with Fidelity's FBTC adding $18.0 million, while no fund reported a net ou...
Standard Chartered Calls Crypto Bottom as Bitcoin Price Recovers From $59,000 Low
Bitcoin Magazine Standard Chartered Calls Crypto Bottom as Bitcoin Price Recovers From $59,000 Low Standard Chartered’s head of di...
Bitcoin price faces new risk as big buyers lose conviction
Bitcoin’s largest buyers are no longer behaving like a reliable backstop for the largest cryptocurrency. The exchange-traded funds...
Bitcoin Selloff Pushes Over Half of Supply Into Loss, Worst Week Since FTX Collapse
Bitcoin fell below $60,000, pushing over 50% of circulating supply into loss. The worst week since FTX collapse raises questions a...