US Spot Bitcoin ETFs Post Record Inflows Amid Geopolitical Uncertainty
Published Date: [Assuming current day]
Key Takeaways
- US spot Bitcoin ETFs recorded a record-breaking $412.2 million net inflow on Monday.
- This marked the sixth consecutive day of record inflows, extending a streak and pushing total cumulative assets past the $46 billion mark.
- Despite a steep market dip triggered by heightened geopolitical tensions, institutional investment through ETFs remained steady.
- BlackRock’s IBIT leads the pack with cumulative inflows exceeding $50 billion since inception.
- Market indicators suggest the current dip could signal a potential recovery if key support levels are held.
US spot Bitcoin exchange-traded funds (ETFs) saw $412.2 million in net inflows on Monday, hitting a daily record and maintaining a six-day streak of inflows that has brought cumulative assets through these funds to a new high of $46.04 billion.
Unwavering Institutional Inflows
According to data provider SoSoValue, this latest inflow pushes the six-day sequence over the $1.8 billion threshold. Notable daily contributions during the run have included massive $431.12 million and $386.27 million inflows on June 10 and June 9 respectively, before mid-week moderation and a sharp rebound on Friday at $322.60 million.
Total net assets across all US Bitcoin (BTC) ETFs have surged to $132.5 billion, constituting 6.13% of the cryptocurrency’s total market cap. Furthermore, trading volume remains robust, with $3.12 billion in value exchanged on Monday alone.
Kronos Research chief investment officer Vincent Liu highlighted the institutional perspective: “Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning,” Liu told Cointelegraph.
“Steady Bitcoin ETF inflows reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment.”
Spot Bitcoin ETF Inflows. Source: SoSoValue
BlackRock’s IBIT Leads the Pack
Amidst the overall inflows, BlackRock’s iShares Bitcoin Trust (IBIT) emerged as the clear leader. The fund recorded its highest single-day inflow yet on Monday at $266.60 million, pushing its cumulative total since launch to an impressive $50.03 billion.
Fidelity’s FBTC followed close behind with a net $82.96 million on Monday, while Grayscale’s trailblazing Bitcoin Investment Trust (GBTC) continued its distinct path, posting a modest net inflow of $12.84 million, though it still shows a protracted net outflow of $23.23 billion since its inception.
Bitcoin Dips Despite Steady Demand
The unexpected Israeli strike on Iran over the weekend triggered significant market volatility, pulling the leading cryptocurrency down more than 7% intraday and concluding the previous trading week with negative returns.
Despite this sharp correction, the underlying market structure demonstrated resilience, according to Bitfinex analysts in their Monday assessment. Metrics pointed towards reduced selling pressure but also cautioned:
“Aggressive selling indicated capitulation potential, yet a spike in liquidations mirrors past market bottoms, suggesting price action above $102,000 could signal recovery readiness.”
