Amid the escalating conflict between Israel and Iran, U.S. spot Bitcoin exchange – traded funds (ETFs) have seen significant inflows. On June 16, they recorded $412.2 million in net inflows, extending a six – day streak and pushing total cumulative inflows to $46.04 billion.
The six – day run of inflows began on June 9 and has absorbed over $1.8 billion in capital, continuing despite the tense geopolitical situation. Total net assets across all U.S. Bitcoin (BTC) ETFs have reached $132.5 billion, accounting for 6.13% of Bitcoin’s total market cap, and the trading volume remained strong, with $3.12 billion in value exchanged on June 16 alone.
BlackRock’s iShares Bitcoin Trust (IBIT) led the way, recording a net inflow of $266.60 million on June 16 and has now accumulated $50.03 billion. Fidelity’s FBTC followed with $82.96 million, while Grayscale’s GBTC lagged behind with just $12.84 million and still shows a net outflow of $23.23 billion since its inception.
“Despite the rising tensions between Israel and Iran, institutions are looking past short – term volatility and focusing on long – term positioning,” said Vincent Liu, the chief investment officer of Taiwan – based Kronos Research. He added that the steady Bitcoin ETF inflows reflect the growing trust in BTC’s resilience, accessibility, and role as a hedge in a changing macro – environment.
The unexpected Israeli strike on Iran on Friday triggered a market sell – off, pulling Bitcoin down by over 7% and ending the week in negative territory. However, this did not stop the inflows into Bitcoin ETFs, indicating that institutional investors are still optimistic about the long – term prospects of Bitcoin.
Related topic:
