BlackRock, Fidelity ETFs Record 11-Day Inflow Streak
U.S. spot Bitcoin ETFs recorded their 11th consecutive day of net inflows on June 24, a significant recovery in investor demand. The 12 U.S. spot Bitcoin ETFs, according to SoSoValue, received $588.55 million in inflows, the biggest in over a month.
BlackRock’s IBIT fund had the biggest with $436.32 million of new money, followed by Fidelity’s FBTC with $85.16 million and ARK Invest’s ARKB with $43.85 million. The trio accounted for over 95% of the day’s inflows.
Geopolitical Tranquility Sparks Risk-On Rotation
The steep inflows followed a major geopolitical development: a ceasefire agreement between Israel and Iran. First disclosed by former U.S. President Donald Trump, the truce reassured fears of region-wide intensifying warfare in the Middle East. The subsequent decline in oil-related inflation risk powered a broad shift to risk assets.
Bitcoin surged 6.1% on the news, surging above $106,000 and indicating new bullish momentum.
Fed Policy Change Eases Regulatory Atmosphere
Regulatorily, the Federal Reserve removed the term “reputational risk” from its guidelines for supervising banks on June 23. This subtle but influential change should ease compliance barriers for banks wishing to do business with digital asset firms.
Market experts believe that this could very well accelerate crypto’s integration into traditional banking systems, particularly in custody and settlement services.
Institutional Demand Accelerates
Bitcoin’s growing popularity as a treasury tool continues to drive institutional demand. MicroStrategy added another $26 million worth of Bitcoin, taking its hoard to 592,345 BTC. Investor Anthony Pompliano took the initiative to start ProCap, a Bitcoin treasury firm that currently has $387 million worth of the asset with ambitions to get up to $1 billion.
Adding to the momentum, Trump Media filed with the SEC to list the “Truth Social Bitcoin and Ethereum ETF,” consisting of 75% in Bitcoin and 25% in Ethereum.
Portfolio Percentage of Bitcoin Gains
In line with a recent report by Bybit, Bitcoin now occupies 30.95% of the portfolio of investors, compared to 25.4% in November 2024. This gain represents a general acceptance of Bitcoin as a safe investment under diversified investment plans.
Expert View
“No matter macro jitters, buyers are taking advantage of drops and stocking up,” said Kadan Stadelmann, CTO at Komodo Platform. “Market volume demonstrates massive action, and demand will likely continue strong, especially with even more businesses adopting Bitcoin Treasuries.”
As macro uncertainty subsided and institutional players doubling down on Bitcoin, the extended inflow run into ETFs might be an indication of more market maturity.
