Bitcoin exchange-traded funds (ETFs) in the U.S. logged their largest single-day inflow for June on Tuesday, pulling in $588.6 million, according to data from Farside Investors. This marks 11 consecutive days of net positive flows, the longest streak since December 2024, signaling strong institutional demand even amid a turbulent macro backdrop.
BlackRock and Fidelity Lead ETF Inflows
Leading the surge was BlackRock’s iShares Bitcoin Trust (IBIT), which attracted $436.3 million in new capital in a single day. Fidelity’s FBTC followed with $217.6 million, while smaller players like Bitwise and VanEck also saw modest inflows.
Meanwhile, Grayscale’s GBTC continued to bleed capital, registering outflows of $85.2 million, highlighting a continued preference shift toward newer, lower-fee ETF offerings.
Over the past 11 days, U.S. Bitcoin ETFs have added more than $2.2 billion, showcasing deepening institutional trust in Bitcoin as a long-term asset class.
Ceasefire Drives Market Calm and Risk Appetite
The surge in ETF interest comes as geopolitical fears ease following a ceasefire between Israel and Iran. U.S. President Trump’s announcement of a “complete and total ceasefire” helped stabilize markets globally, allowing Bitcoin to recover above $106,800 after dipping to a six-week low near $98,000.
Vincent Liu, CIO of Kronos Research, stated that continued inflows “spotlight the strengthening story of Bitcoin as digital gold,” as investors look to scarcity and decentralization as a hedge amid global uncertainty.
Ethereum ETFs See Mixed Activity
While Bitcoin ETFs drew robust capital, Ether-based ETFs saw mixed action. VanEck’s EFUT posted $98 million in inflows, while Grayscale’s ETHE saw $26.7 million in outflows, reflecting investor caution in the broader altcoin market.
Analysts Eye Key Macro Events Ahead
Despite the rally, some analysts remain cautious. Ray Youssef, CEO of NoOnes, described the price recovery as a “relief rally” rather than a true bullish breakout, noting that the market is “exhaling after a period of sustained tension.”
With Fed Chair Jerome Powell’s upcoming testimony and the PCE inflation report looming, Bitcoin is likely to consolidate between $100,000 and $106,000. A clean breakout above $106,200 could signal a bullish leg higher, but failure to hold $100K may open the door to a retest near $93,000.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.