🚀 Bitcoin ETFs Surge Amid Geopolitical Calm 🚀
🔹 U.S. spot Bitcoin ETFs saw their biggest single-day inflow in June — $588.6 million on June 25!
🔹 This marks the 11th consecutive day of positive net flows, totaling over $2.2 billion since June 10 — the longest streak since December 2024.
🔹 Major contributors:
• BlackRock’s iShares Bitcoin Trust (IBIT) pulled in $436.3 million 💰
• Fidelity’s FBTC added $217.6 million 💸
🔹 Grayscale’s GBTC experienced continued outflows of $85.2 million 📉
🌍 The inflows coincided with a ceasefire between Israel and Iran, easing geopolitical tensions and boosting market confidence.
📈 Bitcoin’s price responded, climbing to over $106,800 from a recent low near $98,000.
📊 Analysts see this as Bitcoin strengthening its position as “digital gold” — a stable store of value in uncertain times.
⚠️ Still, upcoming events like Fed Chair Powell’s testimony and the PCE (Personal Consumption Expenditures) inflation report, a key gauge of inflation, could impact short-term market moves.