US Bitcoin ETFs Maintain Inflow Streak Despite Geopolitical Tensions
US spot Bitcoin ETFs recorded their eighth consecutive day of inflows, totaling $388.3 million on Wednesday, according to data from Farside Investors. This sustained demand occurred despite initial market volatility following heightened tensions between Israel and Iran. BlackRock‘s iShares Bitcoin Trust (IBIT) led with $278.9 million in inflows, followed by Fidelity’s Wise Origin Bitcoin Fund (FBTC) at $104.4 million.
Market Stability Demonstrates Institutional Confidence
Bitcoin’s price held steady around $105,000, showing resilience amid geopolitical uncertainty. Analysts at Santiment noted this mirrors Bitcoin’s behavior during previous crises, including the 2022 Russia-Ukraine conflict and 2023 Israel-Palestine tensions, where prices initially dipped before stabilizing.
Divergence in ETF Performance
While most Bitcoin ETFs saw inflows, Grayscale’s Bitcoin Trust (GBTC) experienced $16.4 million in outflows. Its low-fee Bitcoin Mini Trust also lost $10.1 million, reflecting varied investor preferences among products.
Ether ETFs Show Consistent Demand
US spot Ether ETFs rebounded with three straight days of inflows after a brief pause, including $19.1 million on Wednesday. BlackRock’s iShares Ethereum Trust (ETHA) continues to dominate this segment with consistent performance.
Regulatory Clarity May Expand Offerings
The SEC’s Crypto Task Force recently clarified that protocol-level staking doesn’t constitute a securities transaction. This decision could enable future Ether ETFs with staking features, potentially creating new opportunities in the cryptocurrency market.
