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U.S. Spot Bitcoin ETFs Record $858.5M Net Inflow as Standard Chartered Identifies Cycle Low

On June 12, U.S. spot Bitcoin ETFs recorded a significant $858.5 million in net inflows, ending a five-day streak of redemptions, according to data reported by BBX. BlackRock’s iShares Bitcoin Trust (IBIT) dominated the session with $577 million in inflows, while Fidelity’s Wise Origin Bitcoin Fund (FBTC) followed with $180 million. This "green sweep" saw all 12 ETFs post positive or neutral flows. Concurrently, Standard Chartered’s Head of Digital Assets Research, Geoffrey Kendrick, issued a note on June 12 asserting that Bitcoin likely established its cycle bottom near $59,000. Kendrick attributed this stabilization to easing geopolitical tensions and reduced selling pressure, reiterating a year-end price target of $100,000 and a long-term projection of $500,000 by 2030.
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