Fidelity’s FBTC and smaller issuers followed with sizable inflows, while Grayscale’s GBTC recorded continued outflows
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded their largest daily inflow for June on Tuesday, with a combined $588.6 million in net subscriptions.
The surge marked the 11th consecutive day of inflows, the longest such streak since December 2024.
Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph: “Persistent inflows into spot Bitcoin ETFs spotlight the strengthening story of BTC as digital gold. Investors are seeking stability through scarcity.”
BlackRock and Fidelity lead record June flows
Leading the charge was BlackRock’s iShares Bitcoin Trust (IBIT), which drew $436.3 million in new capital on the day, according to data from Farside Investors.
Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $217.6 million in inflows, while Bitwise and VanEck recorded smaller contributions.
In contrast, Grayscale’s Bitcoin Trust ETF (GBTC) continued to see net outflows, shedding $85.2 million.
The latest activity brings total investment into spot Bitcoin ETFs since June 10 to over $2.2 billion, reflecting a renewed wave of institutional interest in the flagship cryptocurrency.
Ceasefire and risk relief drive renewed institutional appetite
The buying momentum coincided with easing geopolitical tensions in the Middle East, which helped stabilize broader market sentiment.
Bitcoin’s price responded in kind, climbing from a six-week low of around $98,000 to a high of $106,800 following news of a ceasefire between Israel and Iran.
U.S. President Donald Trump announced the truce on Tuesday, offering relief to markets already under pressure from macroeconomic uncertainty.
Kronos Research’s Liu added: “Bit by bit, Bitcoin is bolstering its position as a resilient refuge in a rapidly shifting geopolitical landscape.”
Institutional flows into Ethereum ETFs also accelerate
While Bitcoin led the headlines this week, spot Ethereum ETFs have also seen sharp inflows.
The combined total crossed $4 billion in net assets as of June 23, just eleven months after their U.S. market debut.
Notably, BlackRock’s iShares Ethereum Trust (ETHA) alone has pulled in over $5.3 billion in gross inflows, offsetting heavy redemptions from Grayscale’s converted ETHE fund.
A recent CoinShares report attributed the surge to lower management fees, increased rebalancing activity, and improved regulatory clarity around staking income.
Caution persists ahead of key macro events
Despite the recent rally, analysts say the market may face short-term consolidation. Ray Youssef, CEO of peer-to-peer platform NoOnes, shared his view with CoinTelegraph, describing the bounce as a “relief rally”, rather than a definitive breakout.
He warned that traders are eyeing upcoming macro triggers, including Fed Chair Jerome Powell’s congressional testimony and the PCE inflation report, which could shift sentiment again.
Until then, some analysts expect Bitcoin to hover between $100,000 and $106,000, with strong resistance near $106,200 and risk of a pullback if support at $100,000 fails.
