Bitcoin ETFs add $412M, extend 6-day inflow streak amid Israel-Iran conflict

US spot Bitcoin exchange‑traded funds (ETFs) recorded $412.2 cardinal successful nett inflows connected June 16, extending their streak to six days and pushing full cumulative inflows to $46.04 billion.

The six-day tally of inflows began connected June 9 and has present absorbed implicit $1.8 cardinal successful capital, according to information from SoSoValue. The tally has continued contempt escalating geopolitical tensions, including renewed struggle betwixt Iran and Israel.

Daily contributions included $386.27 cardinal connected June 9, followed by a $431.12 cardinal surge connected June 10. Despite a flimsy dip mid-week, inflows rebounded sharply with $322.60 cardinal connected June 13 and the astir caller $412.20 cardinal connected June 16.

Total nett assets crossed each US Bitcoin (BTC) ETFs person reached $132.50 billion, present representing 6.13% of Bitcoin’s full marketplace cap. Trading measurement remained beardown arsenic well, with $3.12 cardinal successful worth exchanged connected June 16 alone.

Spot Bitcoin ETF Inflows. Source: SoSoValue

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BlackRock’s IBIT leads the charge

BlackRock’s iShares Bitcoin Trust (IBIT) led the charge, which recorded a $266.60 cardinal nett inflow connected June 16 and has present accumulated $50.03 cardinal successful total.

Fidelity’s FBTC followed with $82.96 million, portion Grayscale’s GBTC lagged down with conscionable $12.84 cardinal and inactive shows a nett outflow of $23.23 cardinal since inception.

“Despite rising tensions betwixt Israel and Iran, institutions are looking past short-term volatility and focusing connected semipermanent positioning,” Vincent Liu, main concern serviceman of the Taiwan-based institution Kronos Research, told Cointelegraph, adding:

“Steady Bitcoin ETF inflows bespeak increasing spot successful BTC’s resilience, accessibility, and relation arsenic a hedge successful a shifting macro environment.”

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Bitcoin dips, but marketplace operation holds

The unexpected Israeli onslaught connected Iran connected June 13 triggered a marketplace sell-off, pulling Bitcoin down implicit 7% and ending the week successful antagonistic territory.

Under the hood, metrics showed signs of capitulation, Bitfinex analysts said successful a June 16 report. They noted that Net Taker Volume deed a multi-week debased astatine –$197 million, indicating assertive selling.

“This selling, however, combined with a spike successful liquidations, resembles past capitulation-style setups that often people section bottoms,” the analysts said.

They added that if Bitcoin manages to clasp the $102,000–$103,000 zone, it whitethorn suggest that selling unit is being absorbed and that the marketplace could beryllium primed for recovery.

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