Overall Flow: $231M Net Outflow Across Bitcoin Spot ETFs
On June 29 (Eastern Time), Bitcoin spot ETFs experienced a net outflow of $231 million, according to data from SoSoValue. This marks a reversal after several days of positive flows. While the aggregate figure is modest, the dispersion among individual ETFs reveals a stark divergence in investor sentiment.
ETF-Level Breakdown: IBIT Loses Heavily, ARKB and GBTC Gain
The largest single-day net outflow came from BlackRock’s IBIT, which shed $349 million. Despite this, IBIT’s cumulative net inflow remains strong at $60.466 billion. In contrast, the ARKB ETF (jointly issued by Ark Invest and 21Shares) attracted $49.97 million in net inflows, bringing its lifetime total to $1.209 billion. Grayscale’s GBTC also posted a net inflow of $35.1 million, though its historical cumulative net outflow remains massive at $27.108 billion, indicating that while recent flows have been positive, the product is still far from recovering all past losses.
Market Context: ETF Sector Size and Share
As of press time, the total net asset value of all Bitcoin spot ETFs stood at $73.19 billion, representing 6.05% of Bitcoin’s total market capitalization. Cumulative net inflows since launch have reached $51.375 billion. These figures underscore the growing role of ETFs in Bitcoin’s market structure. The significant outflow from IBIT deserves close monitoring, as it could signal profit-taking or a shift toward lower-fee or more liquid alternatives, potentially influencing broader market sentiment in the near term.