Crypto ETF Month — June 2024: net +$666.5M
June 2024 saw positive net flows into crypto ETFs, largely driven by Bitcoin. The month ended with a net increase of +$666.5M.
TL;DR
- Net flow: +$666.5M
- Total inflows: +$1.4B
- Total outflows: -$739.8M
- Strongest day: Jun 4 (+$886.6M) · Weakest day: Jun 13 (-$226.2M)
Monthly Overview
In June 2024, net flows into spot crypto ETFs were positive, totaling +$666.5M. Only Bitcoin (BTC) recorded inflows this month, highlighting a concentrated interest in this asset.
Flows by Asset
BTC
Net: +$666.5M / Inflow: +$1.4B / Outflow: -$739.8M
| Fund | Flow |
|---|---|
| BlackRock | +$1.1B |
| Grayscale | -$613.0M |
| Fidelity | +$276.0M |
| 21Shares | -$71.1M |
| Bitwise | +$55.7M |
| Invesco | -$23.8M |
| Franklin | -$15.4M |
| Valkyrie | -$14.2M |
| VanEck | -$2.3M |
| WisdomTree | +$1.1M |
Weekly Breakdown
| Week | Net flow |
|---|---|
| Jun 3 – Jun 7 | +$1.8B |
| Jun 10 – Jun 14 | -$580.6M |
| Jun 17 – Jun 21 | -$544.1M |
| Jun 24 – Jun 28 | -$37.3M |
Biggest Fund Moves
Largest inflows
- BlackRock (BTC): +$1.1B
- Fidelity (BTC): +$276.0M
- Bitwise (BTC): +$55.7M
- WisdomTree (BTC): +$1.1M
Largest outflows
- Grayscale (BTC): -$613.0M
- 21Shares (BTC): -$71.1M
- Invesco (BTC): -$23.8M
- Franklin (BTC): -$15.4M
- Valkyrie (BTC): -$14.2M
Market Interpretation
Institutional positioning showed significant inflows with BlackRock leading at +$1.1B, while Grayscale experienced the largest outflows at -$613.0M. The strongest day was June 4, with a net flow of +$886.6M, indicating robust demand, while the worst day saw a decline of -$226.2M on June 13, suggesting some volatility in investor sentiment.
Conclusion
Overall, the month concluded with a net figure of +$666.5M. This indicates ongoing confidence in Bitcoin despite the fluctuations seen throughout June.