Bitcoin Jumps Over $107K as Spot Funds Extend to 11 Straight Days of Fund Inflows

• $588.55 million poured into U.S. spot Bitcoin ETFs on June 24, marking the strongest daily inflow in over a month.
• Bitcoin surged 6.1% to reclaim $107,000, driven by easing geopolitical tensions and renewed institutional interest.

The largest digital asset, Bitcoin, surged past the $107,000 mark on Tuesday. This was driven by sustained demand from institutional investors and a notable streak of inflows into U.S. spot exchange-traded funds (ETFs). The move marks a renewed wave of confidence in the cryptocurrency market. This also follows recent geopolitical and regulatory shifts.

Spot Bitcoin ETFs Record Strongest Daily Inflows in Over a Month

According to data from SoSoValue, the U.S. spot Bitcoin ETFs saw a combined inflow of $588.55 million on June 24. The inflow topped $547.7 million on June 25.

This marks the twelfth consecutive day of net inflows, bringing the total to more than $3.8 billion. These mark some of the strongest single-day totals in over a month. This highlights renewed investor interest despite ongoing macroeconomic concerns.

Per the update, BlackRock’s IBIT led the pack with $436.32 million in inflows, accounting for nearly three-quarters of the total on June 24. Fidelity’s FBTC followed with $85.16 million, while ARK Invest’s ARKB recorded $43.85 million. Bitwise’s BITB, Grayscale’s GBTC, and VanEck’s HODL added another $23.22 million collectively. Several smaller ETFs, however, saw no activity.

On June 25, BlackRock also led with inflows of over $340 million. Other ETFs recorded almost similar patterns.

Notably, the increased demand appears linked to easing tensions in the Middle East. On June 24, as noted in our earlier post, U.S. President Donald Trump announced a ceasefire agreement between Iran and Israel. 

This brought a temporary calm after two weeks of conflict. The announcement helped reduce fears of oil price shocks and inflation, improving overall market sentiment. Additionally, Bitcoin reacted swiftly, rising by 6.1% to reach $106,718 at the time of writing, and later pushing above $107,000. 

The move past the psychological $105,000 level has been interpreted by many as confirmation of upward momentum. As of the time of writing, MarketCap data indicates that Bitcoin was trading at $107,490.30, representing a 2.36% increase over the past 7 days.

While this was unfolding, CNF reported that Metaplanet announced its board had approved a $5 billion capital contribution to its wholly owned U.S. subsidiary. The company also revealed plans to expand its Bitcoin treasury holdings.

Regulatory Shifts and Institutional Moves Drive Bitcoin Demand

It is worth noting that, beyond the ceasefire news, other significant factors have contributed to Bitcoin’s current rally. 

On June 23, the Federal Reserve removed the term “reputational risk” from its bank supervision rules. Analysts view this as a potential gateway for banks to engage more freely with crypto-related firms, opening more doors for integration.

Similarly, major institutions are increasing their holdings. As we discussed earlier, Michael Saylor’s Strategy recently added $26 million worth of Bitcoin to the company’s treasury. This brought the firm’s total holdings to 592,345 Bitcoin.

In addition, Anthony Pompliano recently introduced ProCap, a new Bitcoin treasury firm. The firm has already acquired over 4,000 Bitcoin units to maintain a healthy catch-up with existing rivals. Meanwhile, Trump Media has filed to launch the Truth Social Bitcoin and Ethereum ETF. The firm will hold 75% Bitcoin and 25% Ethereum.

As highlighted in a previous news brief, a report from Bybit shows that Bitcoin now accounts for 32% of the average investor’s portfolio. This is up from 25.4% in November 2024. It also reflects a growing perception of the asset as a more stable, long-term investment.