Bitcoin ETFs Continue Strong Inflows Despite Geopolitical Tensions
US spot Bitcoin ETFs maintained their momentum with $412.2 million in net inflows on June 16, marking six consecutive days of growth. Total cumulative inflows now stand at $46.04 billion, with $1.8 billion added during this period. This sustained demand comes amid heightened tensions between Iran and Israel, demonstrating Bitcoin‘s resilience as a digital asset.
Institutional Leaders in Bitcoin ETF Market
BlackRock‘s iShares Bitcoin Trust (IBIT) dominated with $266.60 million in daily inflows, bringing its total to $50.03 billion. Fidelity‘s FBTC followed with $82.96 million, while Grayscale‘s GBTC saw modest gains of $12.84 million, though it still shows a net outflow of $23.23 billion since launch. These figures reflect growing institutional confidence in Bitcoin‘s long-term potential.
Market Response to Global Events
Following Israel’s strike on Iran on June 13, Bitcoin prices dropped over 7%, ending the week lower. Bitfinex analysts observed that the selling pressure and increased liquidations mirror historical patterns that often precede market recoveries. They noted that maintaining support above $102,000 could signal absorption of selling pressure and potential market stabilization.
Key Market Insights
- Six-day inflow streak adds $412.2 million to Bitcoin ETFs on June 16
- BlackRock‘s IBIT remains market leader with $266.60 million inflow
- Geopolitical events caused temporary volatility but didn’t disrupt ETF inflows
- Analysts identify potential recovery signals in market metrics
