This continued streak has pushed year-to-date (YTD) inflows to $15.1 billion, a new record for this year.
Despite the volatility, institutional interest in digital assets remained firm.
CoinShares’ Head of Research, James Butterfill, noted that inflows were strongest early in the week but later slowed. He noted:
“The surge in activity earlier in the week tapered off in the latter half, likely due to the US Juneteenth holiday and emerging reports of US involvement in the Iran conflict.”
CoinShares highlighted that many investors took advantage of the dip to increase their positions, underscoring Bitcoin’s growing appeal as a macroeconomic hedge.
Notably, US-based spot Bitcoin exchange-traded funds (ETFs) played a central role in this flow, attracting $1.02 billion in net inflows. BlackRock’s iShares Bitcoin Trust (IBIT) stood out with $1.23 billion in weekly inflows, bringing the total assets under its management to more than $74 billion.
Meanwhile, short-Bitcoin products saw minor outflows of $1.4 million, suggesting a drop in bearish sentiment.
CoinShares reported that the digital asset saw $124 million in new inflows last week, pushing its total to $2.2 billion since mid-April.
Like Bitcoin, spot Ethereum ETFs also played a significant role in the inflow streak, with the nine products logging inflows on 25 of the past 30 trading days, totaling nearly $1.5 billion.
Meanwhile, market observers have linked ETH’s inflow rise to several key factors, including the recent Pectra upgrade and increasing institutional interest in the crypto.
Other altcoins also showed resilience by attracting modest inflows last week.
