US spot Bitcoin exchange‑traded funds (ETFs) recorded their largest single-day inflow for June on Tuesday with $588.6 million. The surge extends the streak to 11 consecutive days of net positive flows, marking the longest run of consistent inflows since December 2024.
According to data from Farside Investors, the inflows were primarily driven by BlackRock’s iShares Bitcoin Trust (IBIT), which pulled in $436.3 million on Tuesday.
Fidelity’s FBTC followed with $217.6 million in new capital, while smaller contributions came from Bitwise and VanEck. In contrast, Grayscale’s GBTC saw continued outflows, shedding $85.2 million.
Over an 11-day stretch starting June 10, Bitcoin (BTC) ETFs have added more than $2.2 billion in inflows, signaling growing institutional interest in the asset class despite geopolitical tensions.
Related: US crypto ETF approval odds surge to ‘90% or higher’
Israel‑Iran ceasefire eases market worries
Spot Bitcoin ETFs and broader crypto markets received a significant boost following a ceasefire between Israel and Iran.
After US President Trump announced a “complete and total ceasefire” on Tuesday, markets breathed a sigh of relief. Bitcoin surged to a daily high of over $106,800, climbing from a recent six‑week low near $98,000, according to data from CoinMarketCap.
“Persistent inflows into spot Bitcoin ETFs spotlight the strengthening story of BTC as digital gold. Investors are seeking stability through scarcity,” Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Coinpectra, adding:
“Bit by bit, Bitcoin is bolstering its position as a resilient refuge in a rapidly shifting geopolitical landscape.”
Beyond Bitcoin, Ether (ETH)-based ETFs showed mixed performance. VanEck’s EFUT posted $98 million in inflows on Tuesday, offset by outflows from Grayscale’s ETHE, which lost $26.7 million on the same day.
Related: History suggests Bitcoin taps $330K, crypto ETF odds hit 90%
Market awaits macro signal
Ray Youssef, CEO of NoOnes, described Bitcoin's recent bounce as a “relief rally” rather than a true breakout, driven more by stabilization than by renewed investor conviction. In a note shared with Coinpectra, Youssef said the rebound felt like the market “exhaling after a period of sustained tension.”
Despite the ceasefire between Israel and Iran, traders remained cautious amid a heavy macro week. Key upcoming events, including Fed Chair Jerome Powell’s congressional testimony and the PCE inflation report, are expected to influence short-term direction.
Until clearer signals emerge, Bitcoin is likely to consolidate between $100,000 and $106,000, with resistance near $106,200 and risk of a drop to $93,000 if support at $100,000 fails, Youssef said.
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