Bitcoin ETFs on a Roll: $588M Surge as Geopolitical Tensions Ease

U.S. Spot Bitcoin ETFs Pull in Cash Amid Ceasefire News

Hold onto your hats, crypto fans! U.S. spot Bitcoin exchange-traded funds are riding a two-week inflow wave, fueled by easing geopolitical tensions and a hunger for Bitcoin from the big dogs on Wall Street. Tuesday's numbers are in, and they're sizzling!

Get this: the 12 U.S. spot Bitcoin ETFs raked in a jaw-dropping $588.55 million on June 24. That's the biggest single-day haul in over a month, pushing their 11-day inflow streak past the $3.3 billion mark. These funds are on fire!

BlackRock's IBIT led the charge with a whopping $436.32 million, snagging nearly three-quarters of the day's total. Not far behind, Fidelity's FBTC and ARK Invest's ARKB pulled in $85.16 million and $43.85 million, respectively. Bitwise's BITB, Grayscale's GBTC, and VanEck's HODL chipped in $23.22 million. Some smaller funds? They sat this one out, but hey, you can't win 'em all!

The cash influx synced up perfectly with a shift in the macro vibe, thanks to some big geopolitical moves.

On June 24, President Donald Trump dropped a bombshell: Iran and Israel agreed to a ceasefire. After nearly two weeks of escalating drama, this news calmed fears of a wider conflict and its potential economic chaos, like skyrocketing oil prices and inflation.

Bitcoin (BTC) didn't miss a beat, soaring 6.1% and reclaiming the $106,718 level. Breaking past the $105,000 psychological barrier? That's a green light for the bulls, with traders seeing the ceasefire as a chance to de-risk temporarily.

But that's not all. Recent regulatory moves are also lifting spirits. On June 23, the Federal Reserve axed "reputational risk" from its bank supervision playbook. This shift might just tear down walls that have been holding banks back from diving into digital assets.

Industry gurus are buzzing that this could supercharge crypto's integration into the old-school financial world, especially in banking.

Institutional appetite for Bitcoin? It's hungrier than ever. MicroStrategy's Michael Saylor just threw another $26 million at Bitcoin, boosting their stash to 592,345 coins. And they're not alone. More and more public companies, new and old, are jumping on the Bitcoin treasury bandwagon.

Take Anthony Pompliano, the seasoned investor. He just launched ProCap, a new Bitcoin treasury firm aiming to amass $1 billion worth of Bitcoin. They're already sitting on 3,724 Bitcoin, valued at around $387 million. That's some serious skin in the game!

And hold onto your seats, folks. Trump Media just filed with the SEC to list the "Truth Social Bitcoin and Ethereum ETF" on the New York Stock Exchange. This bad boy plans to park 75% of its assets in Bitcoin and 25% in Ethereum, making a bold play in the booming digital asset fund scene.

Komodo Platform CTO Kadan Stadelmann, speaking to crypto news outlets, said despite the macro jitters, "buyers are taking advantage of dips and accumulating." He added, "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."

And if you needed more proof that Bitcoin's here to stay, check this out: Bybit's latest report on portfolio trends shows Bitcoin now makes up a hefty 30.95% of the average investor's portfolio, up from 25.4% back in November 2024. It's clear as day: investors are seeing Bitcoin as a grown-up asset, not just a wild gamble.