U.S. spot Bitcoin ETFs drew a record $588.6 M in June inflows on June 24, extending an 11‑day streak and signaling strong institutional demand
US spot Bitcoin ETFs have experienced $588.6 million in daily inflows, which has extended an 11-day streak in the face of decreasing geopolitical tensions.
On Tuesday, June’s most significant single-day inflow in US spot Bitcoin exchange-traded funds (ETFs) was $588.6 million. The surge has extended the streak to 11 consecutive net positive flow days, the longest consistent inflows run since December 2024.
The inflows were predominantly driven by BlackRock’s iShares Bitcoin Trust (IBIT), which received $436.3 million on Tuesday, according to data from Farside Investors.
Fidelity’s FBTC followed with $217.6 million in new capital, while Bitwise and VanEck made smaller contributions. Conversely, Grayscale’s GBTC experienced persistent outflows, losing $85.2 million.
Inflows of over $2.2 billion have been recorded in Bitcoin ETFs over 11 days commencing on June 10, indicating that institutional interest in the asset class is increasing despite the geopolitical tensions.
The ceasefire between Israel and Iran has alleviated market concerns.
The truce between Israel and Iran substantially boosted the broader crypto markets, including spot Bitcoin ETFs.
Immediately following the announcement by US President Trump of a “complete and total ceasefire” on Tuesday, the markets relaxed. According to CoinMarketCap data, Bitcoin surged to a daily high of over $106,800, a significant increase from its recent six-week low of approximately $98,000.
“The strengthening narrative of BTC as the consistent inflows into spot Bitcoin ETFs underscore digital gold.” “Investors are seeking stability through scarcity,” stated Vincent Liu, the chief investment officer of Kronos Research, a Taiwan-based company, in an interview with Cointelegraph.
“Bit by bit, Bitcoin is bolstering its position as a resilient refuge in a rapidly shifting geopolitical landscape.”
In addition to Bitcoin, ETFs founded on Ether demonstrated inconsistent overall performance. On Tuesday, VanEck’s EFUT experienced $98 million in inflows counterbalanced by outflows from Grayscale’s ETHE, which experienced a $26.7 million loss on the same day.
The market anticipates the macro signal.
The recent rebound in Bitcoin, as described by Ray Youssef, CEO of NoOnes, was more of a “relief rally” than a genuine breakout, as it was more driven by stabilization than by renewed investor confidence.
In a note shared with Cointelegraph, Youssef stated that the resurgence felt like the market “exhaling after a period of sustained tension.”
Despite the armistice between Israel and Iran, traders maintained their prudence during a particularly rigorous macroeconomic week. Key upcoming events, such as the PCE inflation report and Fed Chair Jerome Powell’s congressional testimony, will influence the short-term trajectory.
According to Youssef, Bitcoin is expected to remain between $100,000 and $106,000 until more definitive signals are received. If the support at $100,000 is not maintained, there is a possibility of a decline to $93,000. Resistance is located at $106,200.
