- Crypto market rebounded sharply after a ceasefire eased recent geopolitical tensions
- Spot Bitcoin and Ethereum ETFs attracted a combined daily net inflow of over $659 million
- Bitcoin surged past $106,000 and Ethereum jumped over 17% amid renewed optimism
The cryptocurrency market mounted a strong recovery June 24th, erasing past losses once a ceasefire deal between Israel and Iran was brokered by the US.
Soso Value’s data show that spot Bitcoin ETFs attracted a daily net inflow of $588.55 million on the day, signaling a bullish revival in the crypto market and a surge in investor demand.
How Much Were the Bitcoin ETF Inflows?
According to Soso Value’s data, BlackRock’s IBIT dominated the spot Bitcoin ETF daily inflow with a massive $436.32 million inflow, bringing the product’s monthly inflow to a record $1.23 billion in June 2025. Meanwhile, Fidelity, Ark Investment, Grayscale, Bitwise, and VanEck had their ETF products contributing significantly to the total daily inflow experienced last Tuesday.
Related: BlackRock’s IBIT Bitcoin ETF Crushes All Competitors In Daily U.S. Fund Inflows
In the meantime, the US spot Ethereum ETF experienced a $71.24 million net inflow on Tuesday. BlackRock’s ETHA attracted $97.98 million to boost the ecosystem’s value. However, a $26.74 million outflow from Fidelity’s FETH reduced the daily spot Ethereum net inflow. Nonetheless, the notable demand contributed to the surge in Ethereum’s price as the crypto market rebounded from last week’s crash.
What Drove the Crypto Market Rebound?
The cryptocurrency market recovered from a notable decline triggered by the escalation of the war between Israel and Iran. A brief US involvement caused investors to panic before a ceasefire deal doused geopolitical tensions, which had a complementary effect on the global socioeconomic sector.
Related: BlackRock Files for In-Kind ETH ETF Redemptions, Adds $18.9 Million in Ethereum
Bitcoin recovered from the crash by surging 8.6% this week, trading for $106,484 at the time of writing, per TradingView’s data. Ethereum displayed a similar trend but reflected more gains after the top altcoin surged 17.64% this week. BTC and ETH, the two largest cryptocurrencies by market cap, dragged the rest of the market along as most top cryptos mimicked their behavior and posted notable profits this week.
The total crypto market cap rebounded 9.9%, bouncing off support at $2.96 trillion to reach $3.24 trillion at the time of writing.
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