Despite the decline, spot Bitcoin ETFs still received $790 million inflows in June

In June, even as the price of Bitcoin fell 7%, spot Bitcoin ETFs still received net inflows of $790 million. BlackRock's iShares Bitcoin Trust (IBIT) continued to be the largest Bitcoin fund, with inflows of more than $1 billion, offsetting the huge outflows from Grayscale Bitcoin Trust (GBTC). In contrast, spot funds as a whole saw large outflows when Bitcoin prices fell 15% in April. Eric Balchunas, senior ETF analyst at Bloomberg Intelligence, pointed out that baby boomers' holding capacity is stronger than expected. June's inflows benefited in part from expectations for spot Ethereum ETFs. Regulators and potential issuers are working to obtain approval, and it is expected that these ETFs may be listed this month, indicating that regulators are gradually accepting the cryptocurrency industry as part of the financial system.