Bitcoin ETFs log $1.8 billion over six-day inflow streak; analysts strike cautious tone amid price dip

U.S. spot Bitcoin exchange-traded funds notched up their sixth consecutive day of net inflows, adding $412.2 million on Monday to a streak that now totals $1.78 billion, according to data compiled by The Block.

BlackRock’s IBIT led Monday’s flows with $266.6 million, continuing its dominance over other spot Bitcoin ETFs. Fidelity’s FBTC followed with $83 million in net inflows, while Bitwise’s BITB and Grayscale’s GBTC and BTC funds brought in $41.4 million, $12.8 million, and $4.8 million, respectively. IBIT also leads the six-day streak, accounting for $1.38 billion of the net inflow total.

Earlier on Tuesday, erroneous data from some Bitcoin ETF trackers showed a $10 billion net outflow from Ark Invest and 21Shares’ ARKB — an impossible figure given the fund’s total net inflow of $2.4 billion since the ETF launched in January 2024. That figure was later revised to the correct value of $3.6 million in net inflows to ARKB on Monday.

Cumulative net inflows into the combined U.S. spot Bitcoin ETFs now stand at a record $46.3 billion, equating to over $123 billion in assets under management amid the concurrent price rise, per The Block’s Bitcoin ETF Tracker page.

Last week, cumulative reading volume for the Bitcoin ETFs surpassed the $1 trillion milestone — less than 18 months since their debut.

Meanwhile, U.S. spot Ethereum ETFs attracted net inflows of $21.4 million on Monday, again led by $16.1 million into BlackRock’s ETHA fund. On Friday, the Ethereum ETFs’ record 19-day, $1.37 billion net inflow streak came to an end, with cumulative net inflows now standing at $3.9 billion.

Analysts optimistic but remain cautious amid geopolitical tensions

Despite the continued net inflow run, bitcoin’s price action remains volatile amid escalating tensions between Israel and Iran. Bitcoin climbed back to the $110,000 level earlier last week but reversed those gains and more by Friday following reports of Israeli missile strikes on Iranian targets, which were met with retaliatory action. Prices briefly recovered to $109,000 at one point on Monday before falling again into Tuesday after U.S. President Donald Trump cut short his G7 visit in response to the worsening geopolitical situation.

“The current conditions also resemble prior capitulation-driven setups which usually result in bitcoin reversing course shortly after aggressive selling,” analysts at Bitfinex told The Block. “If BTC can hold above the $102,000 – $103,000 region for a sustained period, it would suggest that the market is absorbing the selling pressure effectively. While some downside risk still lingers due to macro volatility and the fragile geopolitical backdrop, this environment now reflects a high-risk, high-reward opportunity for upside continuation if buyer confidence returns.”

“When measuring the recent market correction as a percentage drawdown from the all-time high, the decline over the past two weeks amounted to just 9 percent from peak to trough,” the Bitfinex analysts added. “To put this into perspective, 384 out of 928 trading days in the current cycle—or 41.4 percent—have experienced a larger drawdown on a rolling basis. This places the recent pullback well within the bounds of normal volatility for this cycle.”

While the price momentum has paused, the asymmetry in risk/reward favors staying invested, especially if retail re-engages, according to BRN Lead Research Analyst Valentin Fournier.

“We are witnessing a structural shift in market leadership, with corporates and institutions dominating net demand,” he said. “Retail investors continue to exit early — often selling at local tops, only to miss the follow-through. With demand remaining strong and sell pressure weak, we maintain a high-conviction view that prices will grind higher in 2025.”

Bitcoin is currently trading for $105,605, according to The Block’s BTC price page, down 5.7% from its $112,000 all-time high on May 22.