BTC Price Forecast: ETF Inflows and Treasury Moves Support Bullish Outlook
The US BTC-spot ETF market snapped a two-week outflow streak in the week ending June 13. Farside Investors reported that ETF issuers recorded weekly net inflows of $1,370 million after net outflows of $131.6 million from the previous week. BlackRock’s (BLK) iShares Bitcoin Trust (IBIT) continued to dominate, with weekly net inflows of $1,115.9 million.
After $5,232.1 million of net inflows in May, June’s net inflows currently stand at $1,238.4 million.
US BTC-spot ETF flows continue to influence BTC price trends. Bitcoin climbed to a May all-time high of $111,917 as net inflows soared.
Meanwhile, Bitcoin treasury balances have trended higher as more firms look to diversify balance sheet assets. According to HODL15Capital, the top 100 companies hold over 818,000 BTC, with 20 firms increasing their Bitcoin treasury. MicroStrategy (MSTR) topped the table with 582,000 BTC, followed by Marathon Digital and TwentyOne, holding 49,179 and 37,230 BTC, respectively.
Significantly, Trump Media & Technology Group received SEC approval for its Bitcoin treasury on June 13. The company has access to around $2.3 billion in capital, potentially enabling the creation of one of the largest Bitcoin holdings for a public company.
BTC Price Outlook: Key Drivers
BTC’s near-term price trajectory hinges on several key macro and market drivers: