Investors Added Money to Bitcoin ETFs Even as Prices Slipped 7% in June. BlackRock's iShares Bitcoin Trust continued to lead as the largest of the funds.The idea that the rapid growth in assets for the spot bitcoin ETFs was a result of the herd chasing "number go up" price action received a setback in June. Data from Bloomberg Intelligence shows the spot funds saw net inflows of $790 million even as the price of bitcoin (BTC) tumbled 7%. Leading the way was what's now the largest of the spot ETFs, BlackRock's iShares Bitcoin Trust (IBIT), where inflows topped $1 billion, offsetting by itself what continue to be sizable outflows from the high-fee Grayscale Bitcoin Trust (GBTC). The action stands in contrast to that of April, when the spot funds as a group saw large outflows as bitcoin's price declined 15% that month.
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 The approval of Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC) in January 2024 has attracted traditional institutions and other buyers to invest in cryptocurrencies through regulated options 
. The availability of ETFs provides a safer and more familiar investment avenue for these institutions, potentially contributing to the increased inflows into Bitcoin ETF 

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