Despite geopolitical concerns surrounding the Israel-Iran conflict, inflows into US Bitcoin ETFs continue to rise. Last week, funds recorded significant capital inflows.
Rise in Bitcoin ETF Inflows
According to Farside Investors, as of June 18, five Bitcoin ETFs recorded inflows totaling $388.3 million, marking the eighth consecutive day of fresh capital. The iShares Bitcoin Trust from BlackRock and the Fidelity Wise Origin Bitcoin Fund led the inflows, attracting $278.9 million and $104.4 million respectively. This trend indicates ongoing confidence from institutional investors.
Bitcoin Price Dynamics
Despite initial market panic triggered by regional conflict, the price of Bitcoin stabilized around $104,000-$105,000. The analytics platform Santiment noted that this price behavior aligns with trends observed during previous geopolitical crises. "Despite the initial shock, Bitcoin remains in the $104K-$105K range due to steady ETF inflows and a lack of military ramifications," analysts stated.
Situation with Ether ETFs
While Bitcoin ETFs show record inflows, Ether ETFs are also exhibiting positive trends. After 19 consecutive days of inflows, new inflows of over $19.1 million were seen from June 16-18. The leading inflow remains with BlackRock's iShares Ethereum Trust ETF, which, according to data, has not recorded outflows since May 7.
The rising inflows into Bitcoin ETFs and the stability of Bitcoin prices reflect ongoing interest from institutional investors even amid uncertainty in global politics.