Crypto ETF Flows — June 2024
June 2024 saw net inflows of $666.5M, with total inflows of $2.1B and outflows of $1.4B. The strongest single day recorded was 2024-06-04 with $886.6M in inflows.
TL;DR
- Monthly net flow: net inflows of $666.5M (net $666.5M).
- Total inflows: $2.1B. Total outflows: $1.4B.
- Strongest single day: 2024-06-04 ($886.6M).
- Weakest single day: 2024-06-13 (-$226.2M).
Monthly Overview
June 2024 covered 30 trading days and leaned towards a risk-on sentiment, with investors showing interest in crypto ETFs. For a comprehensive view of ongoing trends, check out the crypto ETF dashboard.
Weekly Breakdown
- Week 1 (June 1-7): Positive momentum with net inflows, highlighted by the best day, 2024-06-04, with $886.6M.
- Week 2 (June 8-14): Fluctuating sentiment, marked by the weakest day, 2024-06-13, with outflows of -$226.2M.
- Week 3 (June 15-21): Continued outflows indicating a cautious approach from investors.
- Week 4 (June 22-30): Slight recovery with modest inflows towards the end of the month.
Top Funds of the Month
| Fund | Net Flow | Direction |
|---|---|---|
| BlackRock (BTC) | $1.1B | inflows |
| Grayscale (BTC) | -$613.0M | outflows |
| Fidelity (BTC) | $276.0M | inflows |
| 21Shares (BTC) | -$71.1M | outflows |
| Bitwise (BTC) | $55.7M | inflows |
The top funds reveal a significant capital movement towards BlackRock, indicating strong institutional interest, while Grayscale experienced notable outflows, suggesting a shift in investor preferences.
Market Interpretation
The inflows and outflows observed in June indicate a nuanced positioning from institutions as they navigate market conditions. The capital appears to be rotating between the Bitcoin ETF and Ethereum ETF, reflecting a strategic approach among institutional investors to optimize their portfolios amid volatility.
Conclusion
In summary, June 2024 ended with net inflows of $666.5M, showcasing a resilient interest in crypto ETFs despite fluctuations. As the market evolves, investors should stay informed on the latest trends by visiting All ETF funds.