Bitcoin Eyes Multi-Year Breakout as ETF Inflows Surge to $1.3 Billion
By Crispus Nyaga
June 14, 2025 | 5:15 PM UTC
Edited by Anthony Patrick
In a notable surge, Bitcoin’s price has stabilized above $105,000, buoyed by significant inflows into exchange-traded funds (ETFs) as investors capitalize on recent dips. The cryptocurrency, trading at approximately $105,300, has risen by 2.4% from its recent lows and is currently 5% above its lowest point this month.
According to data from SoSoValue, spot Bitcoin ETFs witnessed an influx of $301 million on Friday, a positive shift compared to the previous week’s outflows of $128 million. Over the course of the week, total ETF inflows reached $1.3 billion, indicating a robust recovery and renewed investor confidence in Bitcoin.
Among the notable ETFs, BlackRock’s iShares Bitcoin ETF, identified by the ticker symbol IBIT, reported substantial daily inflows of $238 million. This brings the cumulative inflow for IBIT to $49.7 billion, positioning it as one of the most rapidly growing ETFs in the market with total assets hitting $70 billion. BlackRock’s remarkable progress poses the possibility of IBIT surpassing the largest gold ETF, the SPDR Gold Trust, which currently has assets totaling $103 billion.
Additionally, other Bitcoin-focused ETFs are also gaining traction. Fidelity’s FBTC ETF has amassed over $11 billion in inflows, while Bitwise’s BITB has attracted $2 billion since its inception.
Market analysts suggest that Wall Street’s renewed interest in Bitcoin can be attributed to its resilient fundamentals, particularly in the wake of major geopolitical events. For example, research from BlackRock has indicated that Bitcoin tends to outperform the stock market during times of elevated geopolitical tensions, notably following events like the recent conflicts involving Iran and Israel.
Moreover, a noteworthy decrease in Bitcoin’s supply available on exchanges—from 1.5 million Bitcoins in January to 1.1 million currently—suggests that the asset’s value may strengthen in the long term due to the interplay of supply and demand dynamics.
Technical Analysis Indicates Potential Breakout
Long-term Bitcoin price charts reveal encouraging signs for crypto investors. The monthly chart illustrates a potential breakout set to occur soon. Historically, Bitcoin has formed a rounded bottom structure between December 2017 and March 2021, and it appears to be initiating another similar pattern since November 2021. As the price hovers just below a critical ascending trendline connected by these rounded bottoms, a movement outside of this eight-year trendline could unlock substantial growth for Bitcoin.
Forecasters within the financial sector, like Ark Invest, predict Bitcoin could soar to $2.4 million by 2030. Meanwhile, Michael Saylor, a prominent figure in the crypto world, maintains a more immediate forecast suggesting Bitcoin’s price could reach $1 million in the mid-term.
In summary, as Bitcoin sits at crucial price levels and with ETF inflows hitting record highs, the cryptocurrency is on the cusp of a significant potential breakout, promising to attract more investor interest in the coming months.
For real-time Bitcoin data updates and in-depth analysis, please stay tuned to our crypto news section.