U.S. spot Bitcoin exchange-traded funds (ETFs) recorded $412.2 million in net inflows on June 16, extending their streak of daily inflows to six consecutive days and bringing total cumulative inflows to $46.04 billion. This positive trend began on June 9 and has absorbed over $1.8 billion in capital so far, according to SoSoValue data. Notably, this inflow surge continues against a backdrop of escalating geopolitical tensions, particularly with renewed conflict between Iran and Israel.
The daily contributions showed significant spikes, with $386.27 million on June 9, followed by $431.12 million on June 10. Although there was a slight decline mid-week, inflows rebounded, reaching $322.60 million on June 13 and a notable $412.20 million on June 16. Total net assets across all U.S. Bitcoin ETFs have now reached $132.50 billion, representing about 6.13% of Bitcoin’s total market capitalization. Furthermore, trading volume remained strong with $3.12 billion exchanged on June 16.
BlackRock’s iShares Bitcoin Trust (IBIT) took the lead in inflows, registering $266.60 million on June 16 alone, boosting its total to $50.03 billion. Fidelity’s FBTC followed with $82.96 million, while Grayscale’s GBTC lagged with $12.84 million, showing a net outflow of $23.23 billion since its inception.
Vincent Liu, chief investment officer at Kronos Research, commented, “Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning.” This indicates a growing trust in Bitcoin as a resilient asset.
Despite the inflow trends, native Bitcoin faced downward pressure following an Israeli strike on Iran on June 13, leading to a market sell-off and a more than 7% drop in Bitcoin's price. Analysts from Bitfinex noted that net taker volume hit a multi-week low, suggesting aggressive selling. However, they added that such selling, along with spikes in liquidations, often marks local bottoms. They believe that if Bitcoin holds the $102,000–$103,000 zone, it could signify that the selling pressure is being absorbed and that a market recovery might be on the horizon.
The daily contributions showed significant spikes, with $386.27 million on June 9, followed by $431.12 million on June 10. Although there was a slight decline mid-week, inflows rebounded, reaching $322.60 million on June 13 and a notable $412.20 million on June 16. Total net assets across all U.S. Bitcoin ETFs have now reached $132.50 billion, representing about 6.13% of Bitcoin’s total market capitalization. Furthermore, trading volume remained strong with $3.12 billion exchanged on June 16.
BlackRock’s iShares Bitcoin Trust (IBIT) took the lead in inflows, registering $266.60 million on June 16 alone, boosting its total to $50.03 billion. Fidelity’s FBTC followed with $82.96 million, while Grayscale’s GBTC lagged with $12.84 million, showing a net outflow of $23.23 billion since its inception.
Vincent Liu, chief investment officer at Kronos Research, commented, “Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning.” This indicates a growing trust in Bitcoin as a resilient asset.
Despite the inflow trends, native Bitcoin faced downward pressure following an Israeli strike on Iran on June 13, leading to a market sell-off and a more than 7% drop in Bitcoin's price. Analysts from Bitfinex noted that net taker volume hit a multi-week low, suggesting aggressive selling. However, they added that such selling, along with spikes in liquidations, often marks local bottoms. They believe that if Bitcoin holds the $102,000–$103,000 zone, it could signify that the selling pressure is being absorbed and that a market recovery might be on the horizon.
