Bitcoin ETFs Record Largest June Inflow as Ceasefire Sparks Investor Optimism

Bitcoin ETFs have notched an extraordinary 11-day streak of net positive inflows, culminating in a $588.6 million surge on Tuesday—the largest single-day inflow for June. This streak, the longest since December 2024, signals a robust return of institutional capital to the crypto sector. However, the sustainability of this momentum faces imminent tests, as the market braces for key macroeconomic events, including Fed Chair Jerome Powell’s congressional testimony and the upcoming PCE inflation report.

Market analysts caution that while the ceasefire between Israel and Iran has provided immediate relief, upcoming economic signals could introduce new volatility. Until clearer macro signals emerge, Bitcoin’s range between $100,000 and $106,000 is likely to persist, with $106,200 acting as resistance and $100,000 as critical support.

BlackRock’s IBIT and Fidelity’s FBTC Dominate ETF Inflows

BlackRock's iShares Bitcoin Trust (IBIT) garnered the majority of Tuesday's inflows, attracting $436.3 million and securing its position as the market leader. Fidelity’s FBTC followed with $217.6 million, while Bitwise and VanEck contributed smaller but notable sums. In contrast, Grayscale’s GBTC continued to see outflows, shedding $85.2 million.

This concentration of inflows among top-tier funds underscores a growing preference for established issuers, as institutional investors seek security and liquidity. The combined impact has driven total inflows for Bitcoin ETFs in the US above $2.2 billion since June 10, reflecting a decisive shift in market sentiment.

Did you know?
The first US spot Bitcoin ETFs were approved in January 2024, marking a historic milestone for mainstream crypto adoption. Since then, these products have rapidly accumulated billions in assets, reshaping institutional access to digital currencies.

Investor Optimism Rises Following Geopolitical Easing

The recent ceasefire announcement between Israel and Iran, confirmed by US President Trump, has been a catalyst for renewed optimism across global markets. Bitcoin responded swiftly, rebounding from a six-week low near $98,000 to a daily high above $106,800. The easing of geopolitical tensions has reassured investors, prompting many to re-enter risk assets such as Bitcoin.

Vincent Liu, CIO at Kronos Research, noted that “persistent inflows into spot Bitcoin ETFs spotlight the strengthening story of BTC as digital gold.” This narrative has gained traction as investors increasingly view Bitcoin as a hedge against uncertainty and a store of value in turbulent times.

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Is the Relief Rally Sustainable or Temporary?

Despite the inflow surge and market rebound, some analysts urge caution. Ray Youssef, CEO of NoOnes, described the recent price action as a “relief rally” rather than a definitive breakout. He emphasized that the market is “exhaling after a period of sustained tension” and that true conviction among investors may still be lacking.

With macroeconomic headwinds looming, the durability of the current rally remains uncertain. Should support at $100,000 falter, a retracement toward $93,000 is possible. Conversely, a sustained break above $106,200 could signal the start of a new leg higher.

Persistent ETF Inflows Reinforce Bitcoin’s Digital Gold Status

The ongoing streak of ETF inflows has bolstered Bitcoin’s reputation as digital gold. As traditional investors seek stable, scarce assets, Bitcoin’s narrative as a resilient refuge has never been stronger. The recent inflows, especially during a period of geopolitical uncertainty, highlight growing institutional conviction in Bitcoin’s long-term value proposition.

Beyond Bitcoin, Ether-based ETFs have shown mixed results, with VanEck’s EFUT posting $98 million in inflows while Grayscale’s ETHE experienced outflows. This divergence underscores Bitcoin’s unique position as the flagship digital asset for institutional portfolios.