Despite ongoing geopolitical tensions, investments in Bitcoin ETFs in the US show a strong upward trend, while the cryptocurrency market in Iran faces challenges.
Inflows in Bitcoin ETFs
On June 17, spot Bitcoin ETFs in the US recorded $388.3 million in inflows, marking the eighth consecutive day of capital injection despite Middle Eastern conflicts. According to data, BlackRock's iShares Bitcoin Trust (IBIT) led with $278.9 million, followed by Fidelity's Wise Origin Bitcoin Fund (FBTC) with $104.4 million. The sustained interest in Bitcoin indicates a high level of confidence among institutional investors.
Restrictions on Crypto Exchanges in Iran
Iran's central bank imposed strict operating hours for crypto exchanges following a cyberattack on Nobitex, the country's leading crypto platform. Trading is now allowed only between 10 AM and 8 PM. This decision was made in response to a cyberattack that drained over $100 million. Control over citizens' crypto activity is tightening amid rising geopolitical tensions.
Pavel Durov's Warning about France's Future
Telegram founder Pavel Durov expressed concerns about a potential societal collapse in France if censorship and overregulation continue. In an interview, he stated the country is losing competitiveness, and the lack of necessary reforms could lead to serious consequences. Durov also criticized EU laws that may be used to control free speech and misinformation.
Thus, the current events highlight the contrast between the growing interest in Bitcoin ETFs on the international stage and the complex situation in Iran's cryptocurrency sector, as well as expressed concerns from prominent figures regarding freedom of speech and the future of countries amid increasing regulation.
