Bitcoin ETFs log biggest June inflows at $588M, extend 11-day streak

US spot Bitcoin exchange‑traded funds (ETFs) recorded their largest single-day inflow for June connected Tuesday with $588.6 million. The surge extends the streak to 11 consecutive days of nett affirmative flows, marking the longest tally of accordant inflows since December 2024.

According to data from Farside Investors, the inflows were chiefly driven by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled successful $436.3 cardinal connected Tuesday.

Fidelity’s FBTC followed with $217.6 cardinal successful caller capital, portion smaller contributions came from Bitwise and VanEck. In contrast, Grayscale’s GBTC saw continued outflows, shedding $85.2 million.

Over an 11-day agelong starting June 10, Bitcoin (BTC) ETFs person added much than $2.2 cardinal successful inflows, signaling increasing organization involvement successful the plus people contempt geopolitical tensions.

Bitcoin ETFs connected an 11-day run. Source: Farside

Related: US crypto ETF support likelihood surge to ‘90% oregon higher’

Israel‑Iran ceasefire eases marketplace worries

Spot Bitcoin ETFs and broader crypto markets received a important boost pursuing a ceasefire betwixt Israel and Iran.

After US President Trump announced a “complete and full ceasefire” connected Tuesday, markets breathed a suspiration of relief. Bitcoin surged to a regular precocious of implicit $106,800, climbing from a caller six‑week debased adjacent $98,000, according to information from CoinMarketCap.

“Persistent inflows into spot Bitcoin ETFs spotlight the strengthening communicative of BTC arsenic integer gold. Investors are seeking stableness done scarcity,” Vincent Liu, main concern serviceman of the Taiwan-based institution Kronos Research, told Cointelegraph, adding:

“Bit by bit, Bitcoin is bolstering its presumption arsenic a resilient refuge successful a rapidly shifting geopolitical landscape.”  

Beyond Bitcoin, Ether (ETH)-based ETFs showed mixed performance. VanEck’s EFUT posted $98 cardinal successful inflows connected Tuesday, offset by outflows from Grayscale’s ETHE, which mislaid $26.7 cardinal the aforesaid day.

Related: History suggests Bitcoin taps $330K, crypto ETF likelihood deed 90%

Market awaits macro signal

Ray Youssef, CEO of NoOnes, described Bitcoin's caller bounce arsenic a “relief rally” alternatively than a existent breakout, driven much by stabilization than by renewed capitalist conviction. In a enactment shared with Cointelegraph, Youssef said the rebound felt similar the marketplace “exhaling aft a play of sustained tension.”

Despite the ceasefire betwixt Israel and Iran, traders remained cautious amid a dense macro week. Key upcoming events, including Fed Chair Jerome Powell’s legislature grounds and the PCE ostentation report, are expected to power short-term direction.

Until clearer signals emerge, Bitcoin is apt to consolidate betwixt $100,000 and $106,000, with absorption adjacent $106,200 and hazard of a driblet to $93,000 if enactment astatine $100,000 fails, Youssef said.

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