U.S.-based spot Bitcoin ETFs saw their strongest single-day inflow for the month of June on Tuesday, pulling in a total of $588.6 million. This marks the 11th consecutive day of net positive inflows — the longest such streak since December 2024.
Data from Farside Investors shows that BlackRock’s iShares Bitcoin Trust (IBIT) led the way with $436.3 million in new investment. Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed, attracting $217.6 million. Additional, smaller inflows came from Bitwise and VanEck, while Grayscale’s Bitcoin Trust (GBTC) continued to see capital exit, losing $85.2 million.
Since June 10, total inflows into spot Bitcoin ETFs have surpassed $2.2 billion, highlighting sustained interest from institutional investors despite ongoing geopolitical uncertainty.
Ceasefire Between Israel and Iran Lifts Market Sentiment
The recent de-escalation in tensions between Israel and Iran gave a notable boost to crypto markets. After U.S. President Trump announced a “complete and total ceasefire” on Tuesday, investor confidence improved across the board.
Bitcoin responded positively, rallying to over $106,800 from lows near $98,000 seen just days earlier, according to CoinMarketCap data.
“Continued inflows into spot Bitcoin ETFs underline BTC’s emerging role as a store of value. The scarcity narrative is drawing investors in,” said Vincent Liu, CIO of Kronos Research, a Taiwan-based firm. He added that Bitcoin is increasingly viewed as a safe haven amid global uncertainty.
Meanwhile, Ether-based products saw mixed flows. VanEck’s EFUT drew $98 million in inflows, while Grayscale’s ETHE faced outflows of $26.7 million.
Traders Look Ahead to Key Economic Signals
Ray Youssef, CEO of NoOnes, noted that Bitcoin’s recent surge appears to be more of a temporary relief rally than a strong breakout. In his view, the bounce reflects a market “catching its breath” after weeks of elevated tension.
Despite the ceasefire, investors are staying cautious as a crucial macroeconomic week unfolds. All eyes are on upcoming events like Fed Chair Jerome Powell’s testimony and the PCE inflation data, both of which could shape short-term trends.
Until stronger signals emerge, Youssef expects Bitcoin to trade sideways between $100,000 and $106,000. He also flagged $106,200 as near-term resistance, with downside risk toward $93,000 if the $100,000 support level gives way.
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