Bitcoin ETFs See $85.85M Inflow After Five-Day Outflow Streak
Bitcoin spot exchange-traded funds saw net inflows of $85.85 million on June 12, the largest single-day gain in about four weeks and breaking a five-session outflow streak that had pulled roughly $727 million. Cumulative net inflows stand at $53.62 billion, with total net assets near $79.65 billion. The reversal coincided with SpaceX's record Nasdaq debut under ticker SPCX, raising $75 billion at a $1.7 trillion valuation. Geopolitical factors drove prior outflows as Middle East tensions pushed Bitcoin toward $59,000, but sentiment shifted after President Trump announced canceled US strikes on Iran, citing progress toward a deal. Bitcoin rebounded above $63,000, and Pakistani Prime Minister Shehbaz Sharif indicated a peace deal could be finalized within 24 hours. The Fed's June 16-17 meeting now looms as a key factor for whether inflows persist.
Key facts
- Bitcoin ETFs saw $85.85M net inflow on June 12, largest in four weeks.
- Five-session outflow streak had pulled $727 million before the reversal.
- Inflows coincided with SpaceX's record $75B Nasdaq debut.
- Geopolitical tensions and peace deal hopes drove Bitcoin price swings.
- Cumulative net inflows now stand at $53.62 billion.