Since its launch, the BlackRock Bitcoin ETF (IBIT) has received $50 billion in inflows, maintaining a 54% market share as assets under management surpass $72 billion.
With $266 million in inflows on Monday, the BlackRock Bitcoin ETF (IBIT) reached the $50 billion inflow milestone since its launch, demonstrating its continued ability to amass Bitcoin holdings. With a 54% market share in the Bitcoin ETF space, IBIT is now among the ETFs that reached this milestone the quickest. Donald Trump’s Truth Social is vying to join the ETF market at the moment of this occurrence.
BlackRock Bitcoin ETF dominates with 54% marketshare
BlackRock’s iShares Bitcoin Trust (IBIT) has been dominating the Bitcoin ETF market by reaching $50 billion in inflows for the first time since its launch, while Trump Media’s Truth Social platform aims to join the market. BlackRock’s IBIT acquired 2,464 Bitcoins, valued at $264 million, according to statistics from Trader T. Additionally, during yesterday’s trading sessions, it had a daily trading volume of $2.3 billion.
With $72 billion in total assets under management as of right now, BlackRock’s iShares Bitcoin Trust holds a commanding 54% market share of the $131 billion total AUM size of Bitcoin ETFs.
Farside Investors data shows that in addition to BlackRock Bitcoin ETF, Fidelity FBTC and Ark Invest’s ARK received inflows of $83 million and $41 million, respectively, bringing the total inflows across all issuers to nearly $408 million. With only $11.6 billion in inflows since its founding, BlackRock also utterly destroys its direct rival, Fidelity’s FBTC, according to the data.
IBIT share price jumps 3.5%
Spot Bitcoin ETFs have gradually gained momentum and started a new inflow streak. These funds have received $1.8 billion in new investments over the last six trading days, increasing the year-to-date inflows to over $11 billion.
Consequently, the price of IBIT shares increased by 3.5% on Monday, above the pivotal resistance level of $60. There has been a lot of trading activity on IBIT in recent weeks. The stock has already risen more than 40% from its April lows of $44 to beyond $60.
Nonetheless, the IBIT share price may gain more traction if inflows into the BlackRock Bitcoin ETF persist. The price of Bitcoin is up 1% at $107,368 right now. Increased institutional inflows into tETFs could result from any return to its all-time highs.
Can SHIB price rally 62% as 211M SHIB sell-off signals capitulation?
If the price of Shiba Inu breaks out of a bullish triangle pattern, it will be on the cusp of a 62% surge. Will the rally benefit from a 211M SHIB sell-off?
Today, June 17, Shiba Inu (SHIB) is trading at $0.0000119, down 2% and with daily trading volumes of $156 million. Over the past month, SHIB has fallen 18%. After creating a symmetrical triangle pattern, the one-day timeframe chart indicates that the price of Shiba Inu may be on the verge of a rebound. A bullish breakout might result in a 62% rise. Short-term capitulation was indicated by the sale of 211 million tokens by SHIB holders at a loss.
Shiba Inu price analysis as 62% rally looms
Following the formation of a bullish symmetrical triangle pattern, the price of Shiba Inu could rise by 62%. A tighter consolidation range is indicated by this pattern, and the price may then break out to either side.
The rally that might follow an upward breakout would represent a 62% increase from the breakout point at this triangle’s top trendline to $0.0000205. But only if the price of SHIB is able to overcome the resistance level at $0.0000126 will such a rally take place.
The 50-day SMA is probably going to have a big impact on the direction that the price of Shiba Inus will go in the future. The short-term market sentiment will stay negative and buyers will be reluctant to begin purchasing the drop until this top meme coin crosses above $0.0000137.
However, in the event of a symmetrical triangle breakout, breaking above $0.0000126 and flipping the 200-day SMA of $0.0000168 will be crucial to a possible 62% rise.
By remaining at 37, the RSI indicator identifies a weakness in this bullish scenario and makes it abundantly evident that the momentum influencing Shiba Inu’s price movements is bearish. However, when it approaches the oversold level at 30, this declining RSI may indicate selling exhaustion. There might be space for a comeback if there are no additional sellers pulling the SHIB price lower.
211M SHIB Sell-Off May Support Recovery
Many holders, referred to as “weak hands,” are selling SHIB tokens because they are unwilling to hold during the drop, according to Santiment’s Network Realized Profit/Loss (NPL) indicator. The largest amount of realized losses since March 2024 was recorded on June 16, when these holders sold 211 million Shiba Inu coins at a loss.
A sharp decline in non-performing loans, as was the case recently, typically signals a bullish forecast for Shiba Inu prices. As the meme coin hits a local low, it signifies surrender, opening the door for a robust recovery to the upside if “strong hands” begin to gather.
For example, according to Santiment’s data, the price increased from $0.000013 to $0.000014 in a matter of days in March 2025 when dealers sold 141 million SHIB at a loss. The price of Shiba Inu rose 56% from $0.000023 to $0.000036 in March 2024 as dealers sold an incredible 884 million tokens at a loss, sparking an even larger rise.
Since the technical structure indicates that a 62% rise is triggered by the introduction of new buyers, SHIB bulls will continue to maintain support if history repeats itself, which is frequently the case with meme coins and the majority of crypto assets.
In conclusion, if the price of Shiba Inu breaks out of the upper trendline of a shrinking symmetrical triangular pattern, it might rise by 62%. Since “weak hands” sold 211 million tokens at a loss, a crucial on-chain indicator predicts short-term capitulation, which would enable the price to enter a sound recovery phase.
Coinbase CEO Brian Armstrong pushes UK to fast-track crypto regulation
Brian Armstrong, the CEO of Coinbase, is working harder to strengthen the UK’s standing in the cryptocurrency industry and possibly bring it up to par with the US.
Following previous regulatory issues and overreach, the UK has been making progress toward enacting more lenient crypto laws.
Brian Armstrong Meets UK Officials as Crypto Regulation Enters Critical Phase
The Coinbase executive disclosed that the company is having high-level discussions with lawmakers in London at a pivotal juncture for the nation’s regulation of digital assets.
Great to be in London today to meet with policymakers on how the UK can position itself competitively in the global race for crypto.
This is a pivotal moment – hopeful the UK seizes this opportunity to solidify its position as a global leader in crypto. Bullish on Britain!… pic.twitter.com/w4uIVrJiRI
— Brian Armstrong (@brian_armstrong) June 16, 2025
Armstrong’s visit demonstrates Coinbase’s strategy shift toward markets that are receptive to new developments in the cryptocurrency space.
His meetings come after draft legislation for a comprehensive crypto asset framework was released by the UK government, with the goal of full implementation by 2026.
The forthcoming regulations are intended to conform to the Cryptoasset Reporting Framework of the OECD. It places a strong emphasis on strict control of digital asset activity and tax transparency.
A key figure in directing UK crypto policy is Coinbase’s Vice President of International Policy, Tom Duff Gordon. Gordon, who has experience bridging the gap between Web3 and traditional finance (TradFi), has emerged as a pivotal person in determining the regulatory stance of the country.
His initiatives complement those of other prominent figures in the sector, such as Ripple, which recently called for UK authorities to expedite crypto legislation before a “window of opportunity” expires.
At the same time, the UK’s Financial Conduct Authority (FCA) is improving regulations pertaining to stablecoins and cryptocurrency custody. On June 13, an industry consultation on these subjects came to an end. We are looking for more input on DeFi, lending, and staking.
The UK government has insisted that its policy will integrate innovation and consumer safety, indicating a comprehensive approach to digital tokens and the larger crypto economy.
“Through our Plan for Change, we are making Britain the best place in the world to innovate — and the safest place for consumers. Robust rules around crypto will boost investor confidence, support the growth of Fintech and protect people across the UK,” Chancellor of the Exchequer Rachel Reeves stated in April.
From Draft Rules to Global Race — Can the UK Seize the Crypto Moment?
However, difficulties still exist. Just 15% of 150 financial and cryptocurrency experts surveyed said they think the UK is headed in the right direction.
Only 9% of the enterprises surveyed claim they are fully prepared for the impending system, while 50% see the UK as having the potential to become a global hub for cryptocurrency.
Notably, a global crypto revival coincides with the UK’s regulation change. The UK is positioned itself with flexible advantages while taking a different approach from the EU’s MiCA framework.
It may allow foreign stablecoins to function without local registration and has not suggested stablecoin volume limitations.
More specifically, a maturing perspective is further shown by the FCA’s recent proposal to remove the retail restriction on cryptocurrency exchange-traded notes (ETNs).
INTEL: The UK’s Financial Conduct Authority (FCA) to lift the ban on cryptocurrency exchange-traded notes (ETNs) for retail investors
— Solid Intel 📡 (@solidintel_x) June 6, 2025
“This is huge – a big moment for the UK and crypto policy. Yet another country poised to lead on digital assets. Bravo FCA,” Coinbase CLO Paul Grewal commented in June.
The decision by IG Group to permit retail cryptocurrency trading, meanwhile, suggests that institutional and retail confidence is growing.
Brian Armstrong and others have cautioned that, despite optimism, UK-based companies may be forced to migrate to more advantageous regions such as the US, Singapore, or the EU due to sluggish licensing, funding obstacles, and unclear policies.
