BlackRock drives $412M Bitcoin ETF inflows amid Israel-Iran conflict

US spot Bitcoin exchange‑traded funds (ETFs) recorded $412.2 million in net inflows on Monday, extending their streak to six days and pushing total cumulative inflows to $46.04 billion.

The six-day run of inflows began on June 9 and has now absorbed over $1.8 billion in capital,  according  to data from SoSoValue. The run has continued despite escalating geopolitical tensions, including renewed conflict between Iran and Israel.

Daily contributions included $386.27 million on June 9, followed by a $431.12 million surge on June 10. Despite a slight dip mid-week, inflows rebounded sharply with $322.60 million on Friday and the most recent $412.2 million on Monday.

Total net assets across all US Bitcoin ETFs have reached $132.5 billion, representing 6.13% of Bitcoin’s total market cap. Trading volume remained strong as well, with $3.12 billion in value exchanged on Monday alone.

Spot Bitcoin ETF Inflows. Source: SoSoValue

BlackRock’s IBIT leads the charge

BlackRock’s iShares Bitcoin Trust (IBIT)  led the charge, which recorded a $266.60 million net inflow on Monday and has now accumulated $50.03 billion.

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.

“Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning,” Vincent Liu, chief investment officer of the Taiwan-based company Kronos Research, told Cointelegraph, adding:

“Steady Bitcoin ETF inflows reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment.”

Bitcoin dips, but market structure holds

The unexpected Israeli strike on Iran on Friday triggered a market sell-off,  pulling Bitcoin down over 7%  and ending the week in negative territory.

Under the hood, metrics showed signs of capitulation, Bitfinex analysts  said  in a Monday report. They noted that Net Taker Volume hit a multi-week low at $197 million, indicating aggressive selling.

“This selling, however, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,” the analysts said.

They added that 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.