US Bitcoin ETF inflows hit over $1.3 billion last week
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BTC crossed $106,000 on 13 June, sparking institutional buying. The coin currently trades near the $107K mark. Market signals show mixed short-term sentiment despite the ETF rebound. Bitcoin investment products saw a sharp rise in institutional inflows last week, reversing a two-week trend of capital flight. Between 9 and 13 June, BTC-backed exchange-traded funds (ETFs) recorded $1.37 billion in net inflows, marking their first positive weekly performance since late May. The turnaround in sentiment came despite sluggish price action early in the week, suggesting a shift in investor behaviour driven by price recovery and growing appetite for digital assets in traditional markets. The resurgence in inflows reflects how closely institutional participation remains tied to BTC’s price performance. While the early part of the week saw subdued demand due to Bitcoin trading flat below $106,000, the mood shifted rapidly once the coin rebounded. By 13 June, BTC had crossed the $106,000 mark and closed the week strong, leading to a fresh wave of capital inflow across ETF markets. The momentum saw BTC ETFs absorb more than $1 billion in new funds, underscoring the growing confidence among institutional players. Derivatives market shows signs of caution Despite the uptick in spot ETF activity and Bitcoin’s 1% price gain on Monday, the derivatives market paints a more cautious picture. As of writing, Bitcoin trades at $106,994, with a 19% rise in 24-hour trading volume. Source: CoinMarketCap However, futures open interest—a key metric tracking unsettled contracts—has declined nearly 10% since 10 June, now standing at $69.39 billion. This decline signals that many traders are closing out or refraining from entering new leveraged positions. In times of heightened uncertainty or weak price conviction, such a move often reflects a risk-off attitude. Lower open interest can also indicate reduced market participation, which typically leads to lower volatility…
Filed under: News - @ June 16, 2025 11:22 am