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Bitcoin ETFS View $ 588M June of flowing while CEASEFIRE is boosting market confidence


The US spot bitcoin exchange-traded funds (ETF) recorded their largest single-day inflow for June on Tuesday with $ 588.6 million. The flow has expanded the stripes to 11 consecutive days of net positive flow, which has marked the longest running of the same -flow from December 2024.

According to Data From the investors in the distance, the flowers are primarily driven by Blackrock’s ishares bitcoin trust (ibit)to pull at $ 436.3 million on June 24 only.

Fidelity’s FBTC followed $ 217.6 million in new capital, while smaller contributions came from Bitwise and Vaneck. In contrast, Grayscale’s GBTC saw the ongoing flow, pouring $ 85.2 million.

Over the 11-day stretch starting June 10, the Bitcoin (Btc) ETFs have added more than $ 2.2 billion to the flows, which has signed the institutional interest in the class of ownership despite geopolitical tensions.

Bitcoin ETFs see an 11-day running. Source: Farside

Related: The US crypto etf approved odds surge in ‘90% or higher ‘

Israel – iran ceasefire eases market worries

Bitcoin ETF spots and greater crypto markets have received a significant strengthening following a ceasefire between Israel and Iran.

After US president Trump announced a “complete and total stop” on Tuesday, Markets breathe a pork -Hinhay. Bitcoin advanced to a sun -high over $ 106,800, which climbed from a recent six -week low near $ 98,000, according to data from CoinmarketCap.

“The ongoing flow to the Bitcoin ETFs spot has noted the BTC’s strengthening story as digital gold. Investors are looking for stability through deficiency,” Vincent Liu, Taiwan-based Kronos Research-based Kronos Research, said, added: Cointelegraph, added:

“Bit by bit, Bitcoin strengthens its position as an elastic shelter in a rapid transfer of geopolitical landscape.”

More than Bitcoin, Ether (Eth) -Based ETF has shown mixed performance. Vaneck’s efut posted $ 98 million on the streams on June 24, which was offset by flowers from Grayscale’s Ethe, which lost $ 26.7 million on the same day.

Related: History suggests Bitcoin taps of $ 330k, the odds of crypto ETF hit 90%

The Macro signal market awaits

Ray YouSsef, CEO of Noes, described Bitcoin’s recent bounce as a “relief rally” rather than a real breakout, driven more by stabilizing than the investor’s revised belief. In a note shared with Cointelegraph, YouSsef said the rebound felt like the market “breathing after a period of long -term tingling.”

Despite the ceasefire between Israel and Iran, entrepreneurs remain careful amid a heavy MacRO week. The main events, along with Fed chair Jerome Powell’s testimony and PCE inflation reports, are expected to greatly influence the short -term direction.

Until clearer signals emerged, Bitcoin is likely to combine between $ 100,000 and $ 106,000, with resistance near $ 106,200 and risk of a fall to $ 93,000 if the support of $ 100,000 failed, YouSsef said.

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