Spot Bitcoin exchange-traded funds (ETFs) listed in the United States recorded significant capital inflows amid improving geopolitical tensions, showcasing renewed institutional appetite.
The funds collectively attracted $588.6 million in net inflows on a single trading day in June, marking eleven consecutive days of positive flows, the longest streak since December 2024.
Leading the inflows was BlackRock’s iShares Bitcoin Trust (IBIT), securing $436.3 million. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed closely with $217.6 million in new investor capital.
The surge correlates with a ceasefire announcement between Israel and Iran, easing regional tensions. Bitcoin’s price responded positively, climbing sharply from around $98,000 to surpass $106,800, reinforcing its perceived role as ‘digital gold’ during periods of geopolitical uncertainty.
In contrast, Ether-based ETFs displayed mixed fortunes. VanEck’s Ether Strategy ETF (EFUT) attracted $98 million in inflows, while Grayscale’s Ethereum Trust (ETHE) experienced outflows of $26.7 million.
Despite the bullish momentum for Bitcoin ETFs, market analysts signal caution ahead of key macroeconomic events. Upcoming Federal Reserve Chair Jerome Powell’s testimony to Congress and the release of the PCE inflation data are expected to create volatility. Some analysts project Bitcoin could consolidate within a $100,000 to $106,000 range in the near term.