Bitcoin ETF Inflows Hit $412M Despite Geopolitical Tensions
US spot Bitcoin exchange-traded funds (ETFs) saw $412.2 million in net inflows on Monday, marking six consecutive days of inflows and totaling $46.04 billion. The inflow streak began on June 9, accumulating over $1.8 billion despite geopolitical tensions, particularly between Iran and Israel. Daily contributions included $386.27 million on June 9 and $431.12 million on June 10, with a rebound to $322.60 million on Friday. Total net assets across US Bitcoin ETFs reached $132.5 billion, accounting for 6.13% of Bitcoin's market cap, with a trading volume of $3.12 billion on Monday. BlackRock’s iShares Bitcoin Trust (IBIT) led with a $266.60 million inflow, totaling $50.03 billion, followed by Fidelity’s FBTC with $82.96 million. Grayscale’s GBTC lagged with $12.84 million and a net outflow of $23.23 billion since inception. Despite a 7% drop in Bitcoin due to an Israeli strike on Iran, analysts noted signs of capitulation and potential market recovery if Bitcoin holds the $102,000–$103,000 range.
