BlackRock Spurs $412M in Bitcoin ETF Inflows

Despite rising geopolitical instability due to renewed conflict between Israel and Iran, institutional appetite for Bitcoin remains strong. U.S. spot Bitcoin exchange-traded funds (ETFs) saw $412.2 million in net inflows on Monday, extending their six-day streak of positive inflows, according to data from SoSoValue. This streak, which began on June 9, has attracted more than $1.8 billion in total, bringing cumulative inflows to $46.04 billion.

Key daily inflows included:

$386.27 million on June 9

$431.12 million on June 10

$322.60 million on Friday

$412.2 million on Monday

Despite brief midweek softening, inflows have quickly rebounded. Total assets held by U.S. Bitcoin ETFs now stand at $132.5 billion, accounting for roughly 6.13% of Bitcoin’s total market capitalization. Trading activity also remained robust, with $3.12 billion in volume exchanged on Monday alone.

BlackRock’s iShares Bitcoin Trust (IBIT) led the pack, drawing in $266.6 million on Monday and reaching $50.03 billion in total assets. Fidelity’s FBTC followed with $82.96 million in inflows. In contrast, Grayscale’s GBTC trailed behind, posting only $12.84 million, and still reflecting $23.23 billion in net outflows since launch.

Bitcoin Declines After Israeli Strike, But Market Structure Remains Intact

A surprise Israeli airstrike on Iran last Friday triggered a wave of selling across markets, causing Bitcoin to fall more than 7% and closing the week in the red.

Despite the decline, analysts at Bitfinex reported signs of capitulation based on underlying market metrics. In a Monday report, they highlighted that Net Taker Volume dropped to a multi-week low of $197 million, suggesting aggressive sell-side activity.

“While the sell-off and surge in liquidations indicate capitulation, these patterns have historically aligned with local bottom formations,” the analysts said.

They also noted that if Bitcoin holds within the $102,000 to $103,000 range, it may signal that selling pressure is being absorbed, potentially setting the stage for a rebound.