Bitcoin ETFs See $412.2 Million Inflows Amid Geopolitical Tensions

US spot Bitcoin exchange-traded funds (ETFs) experienced a significant influx of capital, totaling $412.2 million in net inflows on June 16. This marked the sixth consecutive day of inflows, pushing the total cumulative inflows to $46.04 billion. The streak began on June 9 and has absorbed over $1.8 billion in capital, despite escalating geopolitical tensions, including renewed conflict between Iran and Israel.

The daily contributions to these inflows were substantial, with $386.27 million on June 9, followed by a surge of $431.12 million on June 10. Despite a slight dip mid-week, inflows rebounded sharply with $322.60 million on June 13 and the most recent $412.20 million on June 16. Total net assets across all US Bitcoin (BTC) ETFs have reached $132.50 billion, now representing 6.13% of Bitcoin’s total market cap.

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, recording a $266.60 million net inflow on June 16 and accumulating $50.03 billion in total. Fidelity’s FBTC followed with $82.96 million, while Grayscale’s GBTC lagged behind with just $12.84 million and still shows a net outflow of $23.23 billion since inception.

The steady inflows into Bitcoin ETFs reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment. Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning. This trend suggests that investors are increasingly viewing Bitcoin as a reliable asset in uncertain times.

The unexpected Israeli strike on Iran on June 13 triggered a market sell-off, pulling Bitcoin down over 7% and ending the week in negative territory. However, under the hood, metrics showed signs of capitulation. Net Taker Volume hit a multi-week low at –$197 million, indicating aggressive selling. This selling, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms. If Bitcoin manages to hold the $102,000–$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery.