US Bitcoin ETFs Experience 11 Consecutive Days of Net Inflows Amid Market Volatility
U.S. spot Bitcoin exchange-traded funds are nearing a two-week inflow streak as geopolitical tensions ease and institutional interest remains robust.
According to data from SoSoValue, the 12 U.S. spot Bitcoin ETFs garnered a total of $588.55 million in inflows on June 24, marking the best single-day performance in over a month and extending the ongoing inflow streak to 11 consecutive days, amounting to over $3.3 billion.
Leading the inflow chart is BlackRock’s IBIT, which attracted $436.32 million, accounting for nearly three-quarters of the total. Following this, Fidelity’s FBTC and ARK Invest’s ARKB brought in $85.16 million and $43.85 million, respectively, while Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL collectively contributed $23.22 million. Notably, several smaller funds reported no inflows on that day.
This surge in inflows is aligned with a shifting macro sentiment, significantly shaped by recent geopolitical developments.
On June 24, U.S. President Donald Trump announced a ceasefire between Iran and Israel, emphasizing the necessity for both parties to honor the agreement. This ceasefire, following nearly two weeks of escalating tensions, alleviated fears of a broader conflict and its potential economic impacts, especially concerning rising oil prices and inflation.
In the wake of this news, Bitcoin (BTC) surged by 6.1%, exceeding the $106,718 mark at the time of reporting. Surpassing the critical $105,000 threshold appeared to confirm bullish momentum, as investors interpreted the ceasefire as a momentary de-risking opportunity.
Additionally, recent regulatory changes have bolstered market optimism. On June 23, the Federal Reserve removed the phrase “reputational risk” from its banking supervision guidelines. This change is seen as a structural adjustment that could lower barriers for banks engaging with digital asset firms.
Industry analysts believe this shift may accelerate the incorporation of cryptocurrency within traditional financial systems, especially in banking.
Institutional interest in Bitcoin is also increasing. MicroStrategy’s Michael Saylor has recently acquired an additional $26 million in Bitcoin, raising its total holdings to 592,345 Bitcoin.
This trend is mirrored by a rising number of both new and established public companies exploring similar treasury practices.
For instance, seasoned investor Anthony Pompliano has launched ProCap, a new Bitcoin treasury firm aimed at amassing $1 billion in Bitcoin, having already secured 3,724 Bitcoin for approximately $387 million.
Further solidifying this institutional shift, Trump Media has submitted a filing with the SEC to list the “Truth Social Bitcoin and Ethereum ETF” on the New York Stock Exchange. This proposed ETF would allocate 75% to Bitcoin and 25% to Ethereum, representing a significant move to establish a foothold in the burgeoning digital asset fund market.
Commenting on the market dynamics, Komodo Platform CTO Kadan Stadelmann indicated to crypto.news that despite macro uncertainties, “buyers are leveraging dips and accumulating.”
“Market volume reflects substantial activity. Demand is likely to remain strong, particularly as firms announce their own Bitcoin Treasuries, the latest being Donald Trump’s Truth Social,” Stadelmann noted.
A recent report by Bybit on portfolio allocation trends reveals that Bitcoin now constitutes 30.95% of the average investor’s portfolio, up from 25.4% in November 2024, highlighting that investors are increasingly recognizing the benchmark cryptocurrency as a mature asset rather than merely a speculative venture.