$1.3 Billion Floods Into Bitcoin Funds—Wall Street Shrugs Off Market Fears | ETF Update

Defying gravity—and skeptics—Bitcoin investment vehicles just scored a record $1.3 billion cash injection. Guess those ''bubble'' warnings aren''t scaring institutional players anymore.

Behind the numbers: While retail traders panic-sell over minor dips, smart money''s stacking sats like there''s no tomorrow. The ETF gold rush proves crypto''s gone mainstream—whether old-school finance likes it or not.

Cynical take: Nothing unites bankers like chasing returns—even if it means quietly embracing what they publicly mocked five years ago. Welcome to the hypocrisy of high finance.

BTC Funds See First Weekly Inflows in Three Weeks

Between June 9 and 13, Bitcoin-backed funds recorded $1.37 billion in net inflows, marking the first positive weekly inflow after two straight weeks of outflows. The capital influx was recorded despite BTC’s lackluster price action for most of the week, initially prompting institutional investors to reduce their exposure.  

However, the coin’s price rebounded strongly by June 13, closing above the $106,000 price mark and reviving investor interest and momentum. 

This trend further highlights how sensitive ETF flows remain to BTC’s price trajectory. While early-week caution led to subdued activity, the late-week recovery reignited confidence among fund participants.

BTC Edges Higher, Yet Derivatives Market Signals Unease

Today, BTC is up 1% and attempting to stabilize above the $106,000 level. As of this writing, the leading coin trades at $106,590, noting a 16% rise in trading volume over the past day.

However, the coin’s steadily declining futures open interest suggests traders remain cautious, seeking safer ground. Per Coinglass, this stands at $69.39 billion, plunging almost 10% since June 10. 

Open interest refers to the total number of active derivative contracts, such as futures or options, that have not been settled or closed. When an asset’s open interest consistently drops, especially during periods of muted price performance, it signals that traders are unwinding their positions. 

This trend reflects the declining market participation and growing uncertainty about BTC’s near-term outlook.

Moreover, on-chain data shows a tilt toward protective positioning on the options front. Demand for put options—contracts that profit when prices fall—has outpaced calls.

This signals a rise in bearish sentiment and caution among traders looking to hedge against potential downside risk.