Where is Bitcoin Pepe headed as BTC ETFs sees third consecutive week of inflows

Investor interest in U.S.-listed spot Bitcoin ETFs has remained high in recent weeks, with the funds continuing to attract significant inflows as overall market sentiment improves. As market conditions improved from the uncertainty of last month’s Middle East crisis, early-stage projects are expected to see higher performance. Bitcoin Pepe is one such project that is continuing its strength in presales. US spot Bitcoin ETFs see strong inflows Data from SoSoValue shows that between June 23 and 27, the 12 spot Bitcoin ETFs recorded a combined $2.22 billion in net inflows. This marks their strongest weekly performance since May 23 and the longest consecutive streak of inflows since January 2025. The continued inflows coincide with a stable performance by Bitcoin. Spot Bitcoin ETFs attracted $1.02 billion in net inflows between June 16 and June 20. At the time of writing, Bitcoin was trading near $107,560, reflecting a 5% increase over the past week. The price recovery follows a decline earlier in the month, during which Bitcoin briefly dropped below key support levels amid macroeconomic uncertainty. The rebound has contributed to improved market sentiment and increased investor confidence, with expectations rising that Bitcoin could maintain its momentum and potentially revisit earlier highs. The CoinMarketCap Fear and Greed index improved to 52 from 50 in the previous day, remaining in neutral territory. ETF issuers have also accelerated institutional accumulation during this period. The institutions collectively purchased an estimated 21,030 BTC, with BlackRock leading the activity. The asset manager acquired approximately $1.15 billion worth of Bitcoin, extending its ongoing buying streak and bringing its total holdings to a record $77.7 billion. Altogether, U.S. spot Bitcoin ETFs now hold $133.17 billion in net assets, accounting for about 6.25% of Bitcoin’s total market capitalization. Spot Ether ETFs have also seen increased inflows. During the same period, U.S.-listed Ether funds recorded approximately $283 million in net inflows, marking their seventh consecutive week of gains. BlackRock’s IBIT led the group with $1.3 billion in inflows, followed by Fidelity’s FBTC at roughly $504 million. Other funds, including Bitwise’s BITB, VanEck’s HODL, and Ark’s ARKB, saw more moderate inflows. In contrast, Grayscale’s GBTC experienced net outflows of approximately $5.7 million. Bitcoin Pepe continues attracting investors Bitcoin Pepe is carving out a distinct niche in the evolving crypto space. Unlike typical meme tokens that rely largely on hype, the project seeks to combine viral appeal with a focus on building infrastructure. As a Layer 2 solution, Bitcoin Pepe utilizes the security of Bitcoin’s base layer while pursuing scalability similar to that of networks like Solana. This approach sets it apart from many meme-based cryptocurrencies. Bitcoin Pepe, the first meme-focused Layer 2 solution built on Bitcoin, is also growing its presence through a series of strategic partnerships. Collaborations with prominent platforms across gaming, content, DeFi, and fair launch infrastructure are aimed at building an ecosystem where the BPEP token offers cross-chain utility and cultural relevance. These partnerships are designed to enhance visibility and adoption while also reflecting increasing support from both institutional players and the broader community for the PEP-20 token standard. The project’s infrastructure-focused strategy appears to be gaining traction with investors. Its ongoing presale has already raised more than $16.1 million. Confirmed listings on exchanges MEXC and BitMart have added to the project’s momentum. An official listing announcement is expected today. The post Where is Bitcoin Pepe headed as BTC ETFs sees third consecutive week of inflows appeared first on Invezz

Source: Invezz