TL;DR
- Bitcoin ETFs in the U.S. saw $588.6 million in net inflows on Tuesday, the highest single-day figure for June.
- This continues an 11-day streak of positive inflows, totaling $2.2 billion since June 10.
- Analysts link the surge to decreased geopolitical risk after a U.S.-mediated ceasefire in the Middle East, reinforcing Bitcoin’s role as a macro hedge amid global uncertainty.
U.S.-listed spot Bitcoin ETFs recorded the strongest daily net inflows of the month on Tuesday, pulling in $588.6 million. The rally reflects renewed institutional appetite for Bitcoin exposure, fueled in part by easing geopolitical frictions. Since June 10, the sector has absorbed $2.2 billion in net capital, marking the longest uninterrupted inflow streak since December 2024.
The recent ceasefire agreement between Israel and Iran, facilitated by U.S. diplomacy, has brought a wave of optimism across global markets. Investors have responded by pivoting toward assets with scarcity and resilience—qualities that many now associate with Bitcoin. The timing of this surge also aligns with growing interest in macro hedges as inflation fears and dollar volatility persist.
BlackRock And Fidelity Dominate ETF Inflow Race
Among the top performers, BlackRock’s iShares Bitcoin Trust (IBIT) led with $436.3 million in new capital, while Fidelity’s FBTC followed with $217.6 million. Bitwise and VanEck also posted moderate inflows, indicating broader demand beyond the two ETF giants. However, Grayscale’s GBTC extended its decline, losing another $85.2 million in outflows, as more investors opt for lower-fee alternatives.
Vincent Liu, CIO at Kronos Research, emphasized Bitcoin’s emerging status as a modern safe haven.
“When markets grow uneasy, Bitcoin remains a compelling option due to its fixed supply and borderless utility,” he said.
Liu also noted that the ETF trend may accelerate if macro conditions stabilize further. He added that this kind of behavior reflects a maturing investor mindset, one less swayed by daily volatility and more attuned to long-term structural shifts.
Ethereum ETFs Show Mixed Momentum Amid Market Recovery
On the Ethereum front, VanEck’s EFUT brought in $98 million, while Grayscale’s ETHE saw $26.7 million in redemptions. Despite the split, Ethereum ETFs as a group netted $71.3 million on June 24, building on the prior day’s gains and highlighting a growing, albeit cautious, interest in ETH among institutions.
Looking forward, analysts see potential consolidation in Bitcoin’s price between $100,000 and $106,000. While some warn the rally is reactionary, long-term sentiment appears bullish, especially as digital assets inch further into mainstream portfolios.
