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US spot Bitcoin exchange‑traded funds (ETFs) recorded $412.2 million in net inflows on June 16, extending their streak to six days and pushing total cumulative inflows to $46.04 billion.
The six-day run of inflows began on June 9 and has now absorbed over $1.8 billion in capital, according to data from SoSoValue. The run has continued despite escalating geopolitical tensions, including renewed conflict between Iran and Israel.
Daily contributions included $386.27 million on June 9, followed by a $431.12 million surge on June 10. Despite a slight dip mid-week, inflows rebounded sharply with $322.60 million on June 13 and the most recent $412.20 million on June 16.
Total net assets across all US Bitcoin (BTC) ETFs have reached $132.50 billion, now representing 6.13% of Bitcoin’s total market cap. Trading volume remained strong as well, with $3.12 billion in value exchanged on June 16 alone.
Related: New ETF Applications May Signal’ Altcoin Summer’
BlackRock’s IBIT leads the charge
BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, which recorded a $266.60 million net inflow on June 16 and has now accumulated $50.03 billion in total.
Fidelity’s FBTC followed with $82.96 million, while Grayscale’s GBTC lagged behind with just $12.84 million and still shows a net outflow of $23.23 billion since inception.
“Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning,” Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph, adding:
“Steady Bitcoin ETF inflows reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment.”
Related: Trump’s Truth Social files S-1 for dual Bitcoin and Ether ETF
Bitcoin dips, but market structure holds
The unexpected Israeli strike on Iran on June 13 triggered a market sell-off, pulling Bitcoin down over 7% and ending the week in negative territory.
Under the hood, metrics showed signs of capitulation, Bitfinex analysts said in a June 16 report. They noted that Net Taker Volume hit a multi-week low at –$197 million, indicating aggressive selling.
“This selling, however, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,” the analysts said.
They added that if Bitcoin manages to hold the $102,000–$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery.
Magazine: Older investors are risking everything for a crypto-funded retirement
Unlock the Secrets of Ethical Hacking!
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