Bitcoin ETFs See $588M June Inflows as Ceasefire Boosts Market Confidence
US spot Bitcoin ETFs experienced their largest single-day inflow for June, totaling $588.6 million, marking 11 consecutive days of net positive flows, the longest since December 2024. BlackRock’s iShares Bitcoin Trust led with $436.3 million, followed by Fidelity’s FBTC with $217.6 million. Grayscale’s GBTC faced outflows of $85.2 million. Over 11 days starting June 10, Bitcoin ETFs attracted over $2.2 billion, indicating rising institutional interest despite geopolitical tensions. A ceasefire between Israel and Iran boosted markets, with Bitcoin reaching over $106,800 from a six-week low near $98,000. Ether-based ETFs showed mixed results, with VanEck’s EFUT gaining $98 million while Grayscale’s ETHE lost $26.7 million. Analysts suggest Bitcoin's recent rise is a relief rally rather than a breakout, with consolidation expected between $100,000 and $106,000 amid upcoming macroeconomic signals.
