US Bitcoin ETFs Don Hit 11-Day Inflow Streak, $588M Wey BlackRock Lead
US spot Bitcoin ETFs don extend dia net inflow streak go reach 11 days for June 24, dem gather $588.6 million for one session, and BlackRock’s IBIT carry $436.3 million join. Fidelity’s FBTC and ARK Invest’s ARKB add $85.2 million and $43.9 million respectively. Institutional demand still strong: MicroStrategy add $26 million to balance to near 592,345 BTC, Strategy boost dia stash by 10,100 BTC on June 16, dey close to 600,000 BTC. Year-to-date digital asset ETF inflows stand for $13.2 billion. Corporate treasuries still dey push demand—Anthony Pompliano’s ProCap collect 3,724 BTC ($386 million); Japan’s Metaplanet raise $517.8 million aim to get 210,000 BTC by 2027; Norway’s Green Minerals dey plan $1.2 billion Bitcoin buy. On-chain and macro things like relaxed oil inflation fear after Middle East ceasefire and Fed remove “reputational risk” barriers for banks wey dey work with crypto firms. Bitcoin jump pass $106,000 and now dey trade near $107,400. Technical indicators show descending wedge with resistance for $109,000–$111,900, short-term EMAs dey bullish, and monthly cycles dey show say e fit enter parabolic phase. If e break pass $108,000, e fit trigger algorithmic buying go $112,000, with long-term goals of $150,000–$200,000.
Bullish
Strong and sustained ETF inflows, wey BlackRock dey lead, show say institutional confidence for Bitcoin ETF products strong. Corporate treasury purchases plus big holders like MicroStrategy and Strategy dey support demand well well. Technical patterns—like potential descending wedge breakout above $108,000 with bullish EMA alignments—suggest say short-term rally fit happen reach $112,000. Macro factors like eased geopolitical tensions and better regulatory changes from the Fed dey support bullish view. Long-term targets of $150,000–$200,000 go follow historical parabolic phases well.