US spot Bitcoin exchangeโtraded funds (ETFs) recorded $412.2 million in net inflows on Monday, extending their streak to six days and pushing total cumulative inflows to $46.04 billion.
The six-day run of inflows began on June 9 and has now absorbed over $1.8 billion in capital, according to data from SoSoValue. The run has continued despite escalating geopolitical tensions, including renewed conflict between Iran and Israel.
Daily contributions included $386.27 million on June 9, followed by a $431.12 million surge on June 10. Despite a slight dip mid-week, inflows rebounded sharply with $322.60 million on Friday and the most recent $412.2 million on Monday.
Total net assets across all US Bitcoin (BTC) ETFs have reached $132.5 billion, representing 6.13% of Bitcoinโs total market cap. Trading volume remained strong as well, with $3.12 billion in value exchanged on Monday alone.
Related: New ETF Applications May Signalโ Altcoin Summerโ
BlackRockโs IBIT leads the charge
BlackRockโs iShares Bitcoin Trust (IBIT) led the charge, which recorded a $266.60 million net inflow on Monday and has now accumulated $50.03 billion.
Fidelityโs FBTC followed with $82.96 million, while Grayscaleโs GBTC lagged behind with just $12.84 million and still shows a net outflow of $23.23 billion since inception.
โDespite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning,โย Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph, adding:
โSteady Bitcoin ETF inflows reflect growing trust in BTCโs resilience, accessibility, and role as a hedge in a shifting macro environment.โ
Related: Trumpโs Truth Social files S-1 for dual Bitcoin and Ether ETF
Bitcoin dips, but market structure holds
The unexpected Israeli strike on Iran on Friday triggered a market sell-off, pulling Bitcoin down over 7% and ending the week in negative territory.
Under the hood, metrics showed signs of capitulation, Bitfinex analysts said in a Monday report. They noted that Net Taker Volume hit a multi-week low at $197 million, indicating aggressive selling.
โThis selling, however, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,โ the analysts said.
They added that if Bitcoin manages to hold the $102,000โ$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery.
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