Bitcoin ETFs See 8-Day Inflow Streak — What’s Behind It?
Bitcoin ETF– U.S.-listed spot Bitcoin ETFs saw a strong $388.3 million in net inflows on June 18, marking the eighth consecutive day of positive capital movement. Despite early market jitters caused by renewed tensions between Israel and Iran, investor confidence in crypto ETFs remained resilient.
According to Farside Investors, BlackRock’s iShares Bitcoin Trust (IBIT) led the charge with $278.9 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $104.4 million. Bitwise’s BITB added a modest $11.3 million, while other products from ARK Invest, VanEck, WisdomTree, and others registered no inflows that day.
Only Grayscale’s products saw outflows, with GBTC losing $16.4 million, and the low-fee Grayscale Bitcoin Mini Trust shedding $10.1 million.
Price Stability Mirrors Past Geopolitical Patterns
Despite initial volatility, Bitcoin held steady near $105,000, aided by ETF support and subdued military escalation.
Despite the initial panic, Bitcoin has remained in the $104K–$105K range… mirroring the typical ‘risk-off, then stabilize’ pattern seen in previous geopolitical crises
This reaction closely resembles Bitcoin’s behavior during Russia’s 2022 Ukraine invasion and the October 2023 Israel-Palestine conflict, where prices dropped sharply but stabilized shortly after.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Cryptocurrencies and stocks, particularly in micro-cap companies, are subject to significant volatility and risk. Please conduct thorough research before making any investment decisions.
[…] pave the way for deeper retracements. Therefore, rather than being solely determined by broader ETF inflows or fundamental events, XRP’s near-term direction is likely to be determined by how the price […]