U.S. spot Bitcoin exchange-traded funds neared a two-week inflow streak on Tuesday, as geopolitical tensions eased and institutional interest continued to drive demand. According to data from SoSoValue, the 12 U.S. spot Bitcoin ETFs drew a combined $588.55 million in inflows on June 24. This marked the strongest single-day performance in over a month and extended the current streak of consecutive inflows to 11 days, totaling more than $3.3 billion.
BlackRock's IBIT led the day with $436.32 million in inflows, accounting for nearly three-quarters of the total. Fidelity's FBTC and ARK Invest's ARKB followed with $85.16 million and $43.85 million, respectively. Bitwise's BITB, Grayscale's GBTC, and VanEck's HODL collectively brought in $23.22 million. Notably, several smaller funds recorded no inflows on the day.
The spike in inflows coincided with a shift in macro sentiment, driven largely by geopolitical developments. On June 24, U.S. President Donald Trump announced that Iran and Israel had agreed to a ceasefire, emphasizing that both parties must strictly adhere to the terms. The ceasefire, following nearly two weeks of escalating hostilities, alleviated fears of broader conflict and its potential economic fallout, particularly rising oil prices and inflationary pressure. Bitcoin responded positively to the news, surging 6.1% to reclaim the $106,718 level at press time. The move above the psychologically important $105,000 level appeared to validate bullish momentum, with market participants interpreting the ceasefire as a temporary de-risking event.
Meanwhile, recent regulatory developments have also helped lift market sentiment. On June 23, the Federal Reserve removed the term “reputational risk” from its bank supervision guidelines. The change is seen as a structural shift that may reduce barriers preventing banks from offering services to digital asset firms. Industry experts believe this adjustment could accelerate broader institutional participation in the cryptocurrency market.
Inflows into Bitcoin ETFs have rebounded recently, tallying $11.2 billion since April 17. The strong inflow on June 18 shows institutional confidence remains firm as Bitcoin held steady in the $105,000 range despite renewed Iran-Israel tensions initially rattling the markets.
However, it is worth noting that not all Bitcoin ETFs recorded inflows. The Bitwise Bitcoin ETF (BITB) was the only other product to record an inflow on June 18 at $11.3 million, while the Bitcoin ETFs issued by ARK Invest, Invesco, Franklin Templeton, Valkyrie, VanEck and WisdomTree failed to register inflows on the day.
While concerns about Donald Trump's trade policies and profit-taking led to a reversal in inflow trends last week, with the 12 spot Bitcoin ETFs in the U.S. recording $157.4 million in outflows, May still ended on a bullish note for Bitcoin ETFs overall. Net inflows totaled around $5.23 billion for the month, up over 75% compared to April.