Bitcoin spot ETFs attracted nearly $500 million Monday, with BlackRock leading institutional interest. Bitcoin could hit $100,000 by June 30 as geopolitical tensions in the Middle East drive demand for alternative hedges.
The massive inflows signal institutional confidence in Bitcoin as a macro hedge against global uncertainty. BlackRock's adoption is absorbing selling pressure while major players strategically allocate capital.
Risks remain despite the bullish momentum. An Iranian blockade of the Strait of Hormuz could trigger market corrections affecting Bitcoin prices. Current Polymarket odds reflect confidence in the upward trajectory through mid-year positioning.