The U.S. spot Bitcoin (BTC) exchange-traded fund (ETF) recorded its largest single-day inflow of June this Tuesday (June 25), reaching $588.6 million. This influx of funds extended the record of net inflows to 11 consecutive days, marking the longest continuous inflow period since December 2024.
According to data from Farside Investors, this inflow was primarily driven by BlackRock's iShares Bitcoin Trust (IBIT), which attracted $436.3 million in funds on Tuesday.
Fidelity's FBTC followed closely with an additional $217.6 million, while funds like Bitwise and VanEck also made minor contributions. In contrast, Grayscale's GBTC continued to see outflows, with $85,220 leaving on the same day.
Over the 11 days starting from June 10, Bitcoin (BTC) ETFs accumulated over $2.2 billion in inflows, indicating that institutional interest in Bitcoin as an asset class continues to grow despite geopolitical tensions.
The spot Bitcoin ETF and the broader cryptocurrency market received a significant boost following a ceasefire agreement between Israel and Iran.
Markets breathed a sigh of relief after U.S. President Trump announced a "complete and total ceasefire" on Tuesday. According to CoinMarketCap, Bitcoin's price surged to a high of over $106,800 that day, rebounding from a near six-week low of around $98,000.
Vincent Liu, Chief Investment Officer of Kronos Research, stated in an interview with Cointelegraph, "The continued inflow into spot Bitcoin ETFs highlights that the narrative of BTC as digital gold is strengthening. Investors are seeking stability through scarcity." He added:
Aside from Bitcoin, Ethereum (ETH)-related ETFs showed mixed performance. VanEck's EFUT recorded an inflow of $98 million on Tuesday, while Grayscale's ETHE saw an outflow of $26.7 million on the same day.
Ray Youssef, CEO of NoOnes, described Bitcoin's recent rebound as a "relief rally" rather than a true breakout, driven more by market stabilization than a restoration of investor confidence. In a note shared with Cointelegraph, Ray mentioned that this rebound feels like the market "taking a breath after a prolonged period of tension."
Despite the ceasefire between Israel and Iran, traders remain cautious amid a week filled with macro events. Upcoming key events, including Federal Reserve Chairman Jerome Powell's congressional testimony and the PCE inflation report, are expected to impact short-term market trends.
Ray noted that until clearer signals emerge, Bitcoin's price may consolidate between $100,000 and $106,000, with resistance around $106,200. If the support level at $100,000 is breached, there is a risk of a drop to $93,000.
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