Bitcoin ETFs Post Biggest Inflow In 4 Weeks on SpaceX IPO Day

Source Beincrypto

Bitcoin spot exchange-traded funds drew $85.85 million in net inflows on June 12, the largest single-day in about 4 weeks. The reversal arrived on the same day SpaceX made its record Nasdaq debut.

The inflow broke a five-session withdrawal streak that pulled roughly $727 million from the funds. 

BTC ETF Inflows Return After a Bruising Stretch

The June 12 total marks the strongest single-day demand since May 14, when the funds absorbed $131.31 million. Cumulative net inflows now stand at $53.62 billion, with total net assets near $79.65 billion.

Bitcoin ETF InflowsBitcoin ETF Inflows. Source: SoSoValue

The previous days ran the other way. Outflows struck on June 5, 8, 9, 10, and 11, draining capital before the trend flipped. The funds had shed money for 13 straight sessions from May 15 to June 3. That run stands as their longest outflow streak since launching in early 2024.

Geopolitics drove much of that pressure. Tensions across the Middle East pushed Bitcoin toward $59,000. Bitcoin is still down about 20% over the past month.

Sentiment then shifted on June 11. President Donald Trump said he had canceled planned US strikes on Iran, citing progress toward a deal. 

Bitcoin rebounded above reclaimed $63,000. The diplomatic push gained further pace today. Pakistani Prime Minister Shehbaz Sharif said that “finalisation likely expected in the next 24 hours.”

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The news has lifted the largest cryptocurrency higher. BeInCrypto Markets data showed that BTC was up 0.17623% over the past day. At press time, it traded at $63,868.

Bitcoin Price PerformanceBitcoin Price Performance. Source: BeInCrypto Markets

Bitcoin Holds Firm as SpaceX Storms Its Nasdaq Debut

The inflow coincided with another major market development. SpaceX shares began trading on the Nasdaq on June 12 under the ticker SPCX. The stock was priced at $135, opened at $150, and closed near $161.

The offering raised about $75 billion at a valuation of $1.7 trillion. That total ranks as the largest IPO on record.

A raise that size competes for investor capital. However, the flow data cuts the other way. Bitcoin ETFs pulled in capital, and BTC recovered, signs that crypto demand held up rather than rotated out.

Attention now turns to the Federal Reserve. Its June 16-17 meeting could decide whether the inflows hold or fade.

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Disclaimer: For information purposes only. Past performance is not indicative of future results.
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