U.S.-listed spot Bitcoin exchange-traded funds (ETFs) recorded their strongest single-day inflows in over a month on June 24, as easing geopolitical tensions and favorable regulatory signals sparked renewed institutional demand for the benchmark cryptocurrency.
588M Surge Extends 11-Day Inflow Streak
According to fresh data from SoSoValue, the 12 U.S. spot Bitcoin ETFs attracted a combined $588.55 million in inflows on Tuesday, extending the current inflow streak to 11 consecutive days and pushing the cumulative total past $3.3 billion.
Leading the surge was BlackRock’s iShares Bitcoin Trust (IBIT), which captured $436.32 million nearly 75% of the day’s total inflows. Fidelity’s FBTC and ARK Invest’s ARKB followed with inflows of $85.16 million and $43.85 million, respectively. Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL rounded out the day with a combined $23.22 million in net inflows.
Several smaller funds, however, recorded no inflows, highlighting a continued concentration of institutional interest in the top-performing products.
Ceasefire Boosts Risk Appetite
The dramatic uptick in ETF activity came just hours after U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel, easing fears of a broader Middle East conflict. The ceasefire follows nearly two weeks of escalating hostilities, which had sparked market concerns over rising oil prices and inflation.
The announcement acted as a de-risking catalyst, propelling Bitcoin up 6.1% to reclaim $106,718 a move seen by many as confirmation of a bullish breakout above the key $105,000 level.
Fed Eases Crypto Banking Rules
In parallel with the geopolitical reprieve, market sentiment was buoyed by regulatory developments. On June 23, the Federal Reserve removed the term “reputational risk” from its bank supervision guidelines, a move widely seen as reducing obstacles for banks looking to offer services to crypto firms.
Industry experts believe the shift could pave the way for greater crypto integration within traditional banking, improving liquidity, compliance, and institutional access to digital assets.
Institutional Bitcoin Adoption Accelerates
Investor appetite for Bitcoin also continues to build among corporations. MicroStrategy CEO Michael Saylor recently added $26 million worth of BTC to the company’s treasury, increasing its total holdings to 592,345 BTC.
Meanwhile, veteran investor Anthony Pompliano launched ProCap, a new Bitcoin treasury firm targeting $1 billion in BTC assets. The firm has already acquired 3,724 BTC valued at around $387 million.
In another high-profile development, Trump Media filed an SEC Form 19b-4 to list the Truth Social Bitcoin and Ethereum ETF on NYSE Arca. The ETF is expected to allocate 75% to Bitcoin and 25% to Ethereum, signaling a continued push by conservative-leaning companies into the digital asset fund space.
Bitcoin’s Maturing Role in Portfolios
According to Bybit’s latest portfolio allocation report, Bitcoin now comprises 30.95% of the average investor’s portfolio up from 25.4% in November 2024. This shift underscores Bitcoin’s evolving perception as a store-of-value asset rather than merely a speculative instrument.
Komodo Platform CTO Kadan Stadelmann commented on the trend, noting, “Buyers are taking advantage of dips and accumulating. Market volume suggests significant market activity. Demand will almost certainly remain strong, especially as companies continue to announce they are starting Bitcoin Treasuries.”
Outlook: Confidence Returns as Fundamentals Align
With macro uncertainty easing and institutional infrastructure expanding, Bitcoin’s latest rally and ETF inflow streak appear to reflect growing confidence in the asset’s long-term viability. As more traditional firms and high-profile entities embrace Bitcoin as a treasury and investment asset, the digital gold narrative continues to gain traction pushing crypto one step closer to mainstream financial integration.
