U.S. spot Bitcoin ETFs continue to attract capital amid worsening geopolitical conditions. Recent data shows sustained interest from institutional investors.
Institutional Interest in Bitcoin
As of Wednesday, U.S. spot Bitcoin ETFs saw $388.3 million in net inflows, highlighting stable investor interest. BlackRock and Fidelity products led the charge, attracting $278.9 million and $104.4 million, respectively. Crypto analytics platform Santiment noted that Bitcoin's resilience amid geopolitical uncertainty reflects its behavior during past global conflicts, such as Russia's invasion of Ukraine in 2022.
Grayscale Lags Behind Competitors
While most newly launched Bitcoin ETFs have been enjoying growing investor interest, Grayscale's products continue to face outflows. The Grayscale Bitcoin Trust ETF (GBTC) lost $16.4 million, and its recently introduced low-fee product, the Grayscale Bitcoin Mini Trust, saw $10.1 million in outflows. Meanwhile, total inflows across all 11 U.S. spot Bitcoin ETFs have surged to $11.2 billion since April 17, indicating significant investor interest.
Ether ETFs Regain Momentum
U.S. spot Ether ETFs also showed signs of strength, posting over $19.1 million in new capital alone on Wednesday. BlackRock's iShares Ethereum Trust ETF (ETHA) continues to lead among Ether funds, maintaining inflow streak on every trading day except two since May 20. The renewed confidence in Ether ETFs stems from the SEC's recent clarification that protocol-level staking does not constitute a securities transaction.
In summary, despite geopolitical risks, demand for Bitcoin and Ether ETFs remains high. Institutional investments continue to support stability in the cryptocurrency market.
