U.S. spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $412.2 million on June 16, extending their winning streak to six consecutive days and pushing cumulative inflows to $46.04 billion.
The current inflow streak began on June 9, accumulating over $1.8 billion in capital despite rising geopolitical tensions, particularly renewed conflict between Iran and Israel, according to SoSoValue data.
The streak kicked off with $386.27 million in inflows on June 9, followed by a spike of $431.12 million on June 10. After a mid-week slowdown, inflows surged again with $322.60 million on June 13 and climbed further to $412.20 million on June 16.
Total net assets held by U.S. Bitcoin ETFs have now reached $132.50 billion, accounting for 6.13% of Bitcoin’s total market capitalization. Trading activity also remained robust, with $3.12 billion exchanged on June 16 alone.
BlackRock’s IBIT takes the lead
BlackRock’s iShares Bitcoin Trust (IBIT) led the pack on June 16, posting a net inflow of $266.60 million and bringing its total assets to $50.03 billion.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $82.96 million in inflows, while Grayscale’s Bitcoin Trust (GBTC) trailed with just $12.84 million. GBTC continues to show a cumulative net outflow of $23.23 billion since its launch.
“Despite escalating tensions between Israel and Iran, institutions are looking beyond short-term volatility and focusing on long-term positioning,” said Vincent Liu, chief investment officer at Taiwan-based Kronos Research.
“Steady Bitcoin ETF inflows reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment.”
Bitcoin Pulls Back, but Bullish Market Structure Remains Intact
The unexpected Israeli strike on Iran on June 13 sparked a market-wide sell-off, dragging Bitcoin down by over 7% and leaving it in the red for the week.
Beneath the surface, metrics pointed to signs of capitulation, according to a June 16 report from Bitfinex analysts. They highlighted that Net Taker Volume dropped to a multi-week low of –$197 million, signaling a wave of aggressive selling.
“However, this selling—coupled with a spike in liquidations—mirrors previous capitulation patterns that have often marked local bottoms,” the analysts noted.
They added that if Bitcoin can maintain support in the $102,000–$103,000 range, it could indicate that selling pressure is being absorbed, potentially setting the stage for a market rebound.
