US Spot BTC ETFs Record Largest Daily Inflow; Geopolitical Ceasefire Boosts Market
US spot Bitcoin exchange-traded funds (ETFs) experienced their largest single-day inflow of June on Tuesday, recording $588.6 million in net new capital, according to Farside Investors data.
This significant inflow extends the current streak of 11 consecutive days with net positive flows to the longest such period since December 2024.
Funds leading the inflows included BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $436.3 million. Fidelity’s FBTC followed with $217.6 million, while smaller contributions came from Bitwise and VanEck.
In contrast, Grayscale’s GBTC saw net outflows of $85.2 million. Over the preceding 11-day stretch starting June 10, spot BTC ETFs accumulated more than $2.2 billion in inflows, reflecting growing institutional interest despite ongoing geopolitical tensions.
Separately, the market received a boost following Tuesday’s announcement of a ceasefire between Israel and Iran by US President Trump. Spot Bitcoin ETF inflows and broader crypto markets climbed higher.
Bitcoin surged to an intraday high exceeding $106,800, recovering from recent near-$98,000 lows. Vincent Liu, Chief Investment Officer at Kronos Research in Taiwan, commented:
“Persistent inflows into spot Bitcoin ETFs spotlight the strengthening story of BTC as digital gold. Investors are seeking stability through scarcity.”
“Bit by bit, Bitcoin is bolstering its position as a resilient refuge in a rapidly shifting geopolitical landscape.”
While Bitcoin gained traction, Ether-based ETFs showed mixed results. VanEck’s EFUT saw inflows of $98 million, offset by outflows of $26.7 million from Grayscale’s ETHE.
Analysts suggest the recent Bitcoin price increase is more likely a “relief rally,” stemming from reduced market uncertainty following the ceasefire announcements, rather than a definitive breakout driven by renewed conviction.
Ray Youssef, CEO of NoOnes, noted that Bitcoin appears to be consolidating between $100,000 and $106,000, facing potential resistance near $106,200. A breakdown below $100,000 could risk a drop to $93,000. Market participants remain cautious ahead of upcoming macroeconomic data, including Fed Chair Powell’s testimony and inflation reports.
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