U.S. spot Bitcoin exchange-traded funds (ETFs) posted their largest single-day inflow for June on Tuesday, drawing in $588.6 million. This surge extended their streak to 11 consecutive days of net positive flows—the longest run since December 2024.
Data from Farside Investors shows that the bulk of Tuesday’s inflows came from BlackRock’s iShares Bitcoin Trust (IBIT), which alone attracted $436.3 million. Fidelity’s FBTC followed with $217.6 million, while smaller amounts were added by Bitwise and VanEck. Meanwhile, Grayscale’s GBTC continued to experience outflows, losing $85.2 million.
Since June 10, Bitcoin ETFs have amassed over $2.2 billion in total inflows, highlighting sustained institutional interest in the cryptocurrency despite ongoing geopolitical uncertainty.
Israel-Iran Ceasefire Calms Market Concerns
Spot Bitcoin ETFs and the broader crypto market rallied sharply following news of a ceasefire between Israel and Iran.
Markets responded positively after U.S. President Trump announced a “complete and total ceasefire” on Tuesday, easing geopolitical tensions. Bitcoin jumped to a daily high of over $106,800, rebounding from a recent six-week low near $98,000, according to CoinMarketCap data.
“Consistent inflows into spot Bitcoin ETFs underscore the growing narrative of BTC as digital gold,” said Vincent Liu, Chief Investment Officer at Taiwan-based Kronos Research. “Investors are turning to scarcity as a source of stability.”
“Bit by bit, Bitcoin is bolstering its position as a resilient refuge in a rapidly shifting geopolitical landscape.”
Beyond Bitcoin, Ether-based ETFs delivered mixed results. VanEck’s EFUT recorded $98 million in inflows on Tuesday, while Grayscale’s ETHE saw outflows of $26.7 million, partially offsetting the gains.
Markets Hold Steady as Investors Await Key Macro Signals
Ray Youssef, CEO of NoOnes, characterized Bitcoin’s recent rebound as a “relief rally” rather than a decisive breakout, attributing the move more to market stabilization than renewed investor confidence. In a note shared with Cointelegraph, Youssef likened the bounce to the market “exhaling after a period of sustained tension.”
Despite the Israel-Iran ceasefire, traders remained cautious heading into a pivotal macroeconomic week. Upcoming events such as Federal Reserve Chair Jerome Powell’s congressional testimony and the PCE inflation report are expected to shape the near-term market outlook.
Youssef noted that until clearer signals emerge, Bitcoin is likely to trade sideways between $100,000 and $106,000. He highlighted resistance around $106,200, warning of a potential drop to $93,000 if the $100,000 support level fails to hold.
