Bitcoin ETFs Achieve Record June Inflows
US spot Bitcoin ETFs posted their highest single-day inflow for June at $588.6 million, extending an 11-day streak of positive flows – the longest since December 2024. BlackRock‘s iShares Bitcoin Trust (IBIT) dominated with $436.3 million inflows, while Fidelity’s FBTC followed with $217.6 million. In contrast, Grayscale’s GBTC experienced $85.2 million in outflows.
Geopolitical Developments Boost Crypto Markets
The Israel-Iran ceasefire provided a significant lift to cryptocurrency markets. Bitcoin rebounded strongly, climbing from a six-week low near $98,000 to surpass $106,800, reinforcing its status as a digital safe haven during geopolitical uncertainty.
Industry Experts Weigh In
Vincent Liu, Chief Investment Officer at Kronos Research, observed that sustained ETF inflows underscore Bitcoin’s growing reputation as digital gold. “Investors increasingly view Bitcoin’s scarcity as a stabilizing factor in volatile times,” Liu told Cointelegraph.
Market Outlook Remains Cautious
While optimistic, NoOnes CEO Ray Youssef characterized Bitcoin’s recent gains as a relief rally rather than a sustained breakout. Market participants await key economic indicators, including Federal Reserve Chair Jerome Powell’s upcoming testimony and the PCE inflation report, for clearer directional signals.
