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

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.

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.

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.