Crypto bulls are back—and they''re writing checks their skeptics said would bounce.
Bitcoin''s institutional stampede: Fresh capital floods in as digital gold ETFs and funds crack the $1.3B mark. Wall Street''s playing catch-up with a tech it dismissed as ''tulip mania'' three years ago.
Ethereum wakes the neighbors: The smart contract platform just clocked its highest price since February—because nothing says ''adoption'' like hedge funds quietly repositioning before quarterly reports.
Year-to-date inflows now tally $13.2B across crypto assets. That''s enough to buy every banker in Manhattan a solid gold stapler—with enough left over for a few degenerate NFT apes.
As the smart money hedges against fiat debasement (read: the Fed''s next ''transitory inflation'' press conference), one question remains: When do the ''experts'' start calling this a bubble again?
Short Bitcoin Products See $3.7M Inflows, But AUM Remains Small
Short-bitcoin products also attracted $3.7 million, though assets under management remain modest at $96 million.
Ethereum recorded its strongest week since February, bringing in $583 million.
The MOVE included its largest single-day inflow in four months and brings ETH’s recent run to $2 billion, equivalent to 14% of its total assets under management.
Regional participation remained concentrated in the U.S., which accounted for nearly all of last week’s inflows.
Switzerland, Germany, and Canada followed with more moderate contributions. Meanwhile, Hong Kong and Brazil saw outflows of $56.8 million and $8.5 million, respectively.
Elsewhere, XRP snapped a three-week losing streak with $11.8 million in inflows, while sui products continued to attract interest with $3.5 million.
The latest data suggests that institutional appetite for digital assets remains intact, even as traditional markets face macro uncertainty.
BlackRock’s IBIT Becomes Fastest ETF to Reach $70B in Assets
BlackRock’s iShares Bitcoin Trust (IBIT) has become the fastest ETF in history to reach $70 billion in assets, doing so just 341 days after launch, five times faster than the previous record-holder, the SPDR Gold Shares (GLD).
Among the 12 bitcoin ETFs on the market, IBIT stands out as the dominant leader, far ahead of Fidelity’s FBTC and Grayscale’s GBTC, which each manage about $20 billion.
BlackRock’s $IBIT crossed $70 billion in AUM—becoming the fastest ETF ever to reach that mark in just ~341 days pic.twitter.com/j6px3eI3Wv
— ETF Tracker (@TheETFTracker) June 12, 2025Launched in early 2024 following SEC approval, IBIT quickly drew investor interest, pulling in over $1 billion in its first four days.
By November, it had already surpassed BlackRock’s own Gold ETF in size, and in December, it became the fastest ETF to hit $50 billion in assets.
Analysts have described IBIT’s rise as unmatched across any asset class or ETF type.
Meanwhile, seven major asset managers, including Fidelity, Grayscale, and VanEck, submitted new or amended filings for spot solana ETFs with the SEC on June 13.
The filings mark the largest coordinated push for Solana-based investment products to date, with notable entries from 21Shares, Bitwise, and Franklin Templeton.
Despite the excitement, analysts caution that approval may take time. Bloomberg’s James Seyffart pointed to the long road taken by Bitcoin ETFs, highlighting that the inclusion of staking language in all filings could complicate SEC approval.
Staking was absent from earlier BTC and ETH ETF approvals, and the SEC has yet to greenlight staking in any fund.
