U.S. spot Bitcoin exchange-traded funds attracted net inflows exceeding $350 million on June 23, extending a ten-day streak of sustained institutional capital allocation. This surge highlights accelerating institutional adoption of regulated cryptocurrency investment vehicles, with BlackRock and Fidelity cementing their market dominance.
BlackRock’s IBIT and Fidelity’s FBTC accounted for over 90% of the day’s net inflows as investors favored their competitive structures. Meanwhile, Grayscale’s GBTC experienced net outflows, reflecting a continued investor shift toward ETFs offering lower fees and enhanced liquidity.
The persistent capital influx signals broader institutional acceptance of Bitcoin through compliant channels. Spot Bitcoin ETFs are increasingly regarded as pivotal gateways for traditional investors seeking simplified, transparent exposure to digital assets while improving overall market liquidity.