News
  • Yash Jain
    author-profile

    Yash Jain right arrow

    Author

    Yash is a crypto analyst specializing in price analysis, predictions, and in-depth research reports. He combines technical indicators with on-chain data to uncover market trends and potential breakouts. His sharp insights help readers navigate the crypto market with confidence. Whether it’s Bitcoin or emerging altcoins, Yash breaks it down with clarity and precision.

    • Reviewed by: Nidhi Kolhapur

      author profile

      Nidhi Kolhapur right arrow

      Reviewed

      Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

      • author facebook
      • author twitter
      • author linkedin
    • 2 minutes read

    Bitcoin ETF Inflow Hits $588M—Is a $112K Rally Next?

    Story Highlights
    • Bitcoin Rebounds After Middle East Ceasefire – BTC surges 9% in 3 days after dropping to $98K on US-Iran conflict fears; eyes $112K retest.

    • ETF Inflows Hit $588M in a Day – Spot Bitcoin ETFs mark 11 straight days of inflows; BlackRock’s IBIT leads June with $436.3M in buys.

    The Bitcoin Price witnessed a turbulent price action over the past couple of days, driven by escalating and potentially de-escalating conflict in the Middle East. The BTC price plunged to lows of $98,200 following US attacks on Iran but quickly rebounded and is up nearly 9% in the past 3 days after ceasefire talks emerged. 

    A ceasefire has restored some confidence in the market, and it is now inching towards retesting its ATH of $112K.

    On the behavior of BTC price action, a report on Tuesday by K33 research report reveals that the 30-day ETF flows and BTC returns share an “R² of 0.80”, indicating that spot Bitcoin ETF flows remain a key market driver. 

    Similarly, the 11-day streak in US spot Bitcoin ETFs with recent $588 million inflows on June 24th proves the point. Since June 10th, over  $2.2 billion in inflows have been measured, which signals tremendous institutional interest.

    Moreover, most recently, Anthony Pompliano’s ProCap BTC, LLC has bought $386 million worth of Bitcoin, following this week’s recent buys of Strategy, Metaplanet, and the Blockchain Group, into their treasury. Keep reading to know more.

    Bitcoin ETF Inflows Saw $588 Million- June’s Highest

    According to Farside investors, the BTC ETF saw inflows of $588.6 million on Tuesday, marking the largest single-day total for June. This surge extends the streak to 11 days of positive net flows, the longest since December 2024. 

    Data from Farside Investors indicates that BlackRock’s iShares Bitcoin Trust (IBIT) led with $436.3 million in inflows. Following closely, Fidelity’s FBTC added $217.6 million in new capital. At the same time, other smaller contribution amounts came from Bitwise and VanEck. 

    In contrast, Grayscale’s GBTC experienced outflows, losing $85.2 million. 

    Meanwhile, Ether-based ETFs had mixed results. VanEck’s EFUT gained $98 million, but Grayscale’s ETHE lost $26.7 million. Consequently, total inflows for ETH ETFs reached $71.3 million.

    Bitcoin Price Forecast: Will BTC Retest $112K?

    The Q2 price action witnessed a magnificent run, with its gains surging from $75K To $112K, marking nearly 49% gains by May 22nd. However, the momentum reduced and ended up in a range; this range turned out to be a flag pattern in June.

    The recent surge from the lower to the higher border indicates this pattern. If the upper border is breached, it is more likely that its price may retest to $112K soon, and breaking that would trigger a strong rally.

    Never Miss a Beat in the Crypto World!

    Stay ahead with breaking news, expert analysis, and real-time updates on the latest trends in Bitcoin, altcoins, DeFi, NFTs, and more.

    FAQs

    What caused Bitcoin’s recent price fluctuations?

    Bitcoin’s price was turbulent due to escalating and then de-escalating tensions in the Middle East. It plunged to $98,200 after US attacks on Iran but quickly rebounded nearly 9% after ceasefire talks emerged.

    Are Bitcoin ETFs still influencing its price significantly?

    Yes, spot Bitcoin ETF flows remain a key market driver. K33 research indicates a strong correlation (R² of 0.80) between 30-day ETF flows and BTC returns. Recent inflows of $588 million on June 24 extended an 11-day streak.

    How much have US spot Bitcoin ETFs collectively gained in June 2025?

    Since June 10, US spot Bitcoin ETFs have seen over $2.2 billion in net inflows, with BlackRock’s IBIT and Fidelity’s FBTC leading the charge, indicating tremendous institutional demand.

    Show More

    Related Articles

    Back to top button