US Bitcoin ETFs record 11 consecutive days of net inflows despite macro jitters

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 (BTC) 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 the integration of crypto within traditional financial systems, particularly in banking infrastructure.

Institutional appetite for Bitcoin also appears to be accelerating. MicroStrategy’s Michael Saylor recently added $26 million worth of Bitcoin to its treasury, pushing its total holdings to 592,345 Bitcoin.

This trend is being mirrored by a growing number of new and established public firms exploring similar treasury strategies. 

For instance, veteran investor Anthony Pompliano recently unveiled ProCap, a new Bitcoin treasury firm that aims to accumulate $1 billion worth of Bitcoin. ProCap has already acquired 3,724 Bitcoin for roughly $387 million.

Further reinforcing this institutional pivot, Trump Media filed with the SEC to list the “Truth Social Bitcoin and Ethereum ETF” on the New York Stock Exchange. The proposed ETF would allocate 75% of its assets to Bitcoin and 25% to Ethereum, marking a high-profile attempt to gain a foothold in the growing digital asset fund landscape.

Commenting on market dynamics, Komodo Platform CTO Kadan Stadelmann told crypto.news that despite macro jitters, “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, the latest of which is Donald Trump’s Truth Social,” Stadlemann said.

According to a new report by Bybit on portfolio allocation trends, Bitcoin now makes up 30.95% of the average investor’s portfolio, up from 25.4% in November 2024, a sign that investors increasingly view the benchmark cryptocurrency as a mature asset rather than a purely speculative play.