Key takeaways
- Bitcoin ETFs gained $10.1 million on June 16, thanks to Blackrock IBIT’s $16.4 million inflow.
- Ether, XRP, solana and HYPE ETFs all saw inflows, signaling broader risk appetite.
- Blackrock’s BITA, with fees of 0.65%, could increase demand for Bitcoin income products.
Bitcoin and Ether ETFs gain $19.6M combined as investor demand expands
For once, the crypto The exchange-traded fund (ETF) band had no major red lines.
After weeks of uneven and repeated flow bitcoin capital outflows, Tuesday brought a wider supply to the market. Bitcoin ETF conducted in nominal terms, but the ether and altcoin Products also added capital, giving the session a more constructive tone than recent trading days.
Bitcoin ETF recorded a net collection of $10.06 million. The gain was widespread, with only one fund recording an outflow. Blackrock’s IBIT led the day with an addition of $16.35 million. Grayscale Bitcoin Mini Trust added $4.35 million, while Fidelity’s FBTC brought in $4.28 million. Morgan Stanley’s MSBT rounded out the inflows with $1.88 million.
Grayscale’s GBTC remained the only drag, losing $16.81 million. Nonetheless, the larger inflows were enough to keep the category positive. Total Bitcoin ETFs the traded value stood at $1.26 billion, while total net assets closed at $82.06 billion.
Ether ETFs also remained in the green for a second straight day, adding $9.59 million. Blackrock’s ETHA was the main entry route, attracting $17.34 million.
This influx offset withdrawals elsewhere. Bitwise’s ETHW lost $3.47 million, Fidelity’s FETH saw $2.23 million disappear, and Grayscale’s Ether Mini Trust saw an outflow of $2.05 million. The total value of ether ETFs traded was $404.21 million, with net assets closing at $9.89 billion.
Blackrock adds income angle to Bitcoin Exposure
The day of positive flow came as Blackrock iShares Bitcoin The Premium Income ETF (BITA) has become more concentrated. Blackrock listed the fund with a 0.65% sponsor fee, monthly distribution frequency and an actively managed options strategy designed to track bitcoin while generating premium income.
BITA holds its place bitcoin and exposure to IBIT, while selling call options on a portion of its IBIT holdings to generate income, according to the product fact sheet. This structure provides cash flow but can cap the upside on the hedged portion of the position.
Altcoin ETFs Join the Rally as HYPE Leads the Pack
Altcoin ETFs also contributed to the green day.
HYPE ETFs added $8.62 million, split between Bitwise’s BHYP with $7.36 million and 21Shares’ THYP with $1.27 million. The total trading value stood at $45.86 million, while net assets closed at $234.33 million.
XRP ETFs attracted $5.30 million, via Franklin’s XRPZ. The total trading value was $9.82 million and the closed net assets were $1.06 billion.
Solana ETFs added $245,860, entirely via Vaneck’s VSOL. The total trading value reached $39.37 million, with net assets closing at $845.55 million.
Tuesday’s streams didn’t mark a complete reversal, but they showed a clear shift in tone. For the first time in days, all major categories of crypto ETFs have found buyers.
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Crypto exchange-traded fund (ETF) flows began Monday, June 15, with a sharp split: Bitcoin funds returned to exits, while ether,…
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