US spot Bitcoin Exchange Trade Fund (ETFS) had net inflows of $412.2 million on June 16, extending its record straight to six days and increasing the total cumulative inflow to $46.04 billion.
The six-day inflow began on June 9 and has now absorbed more than $1.8 billion in capital, according to Data from Sosovalue. Despite escalating geopolitical tensions, including conflicts between Iran and Israel, it continues.
Daily donations included $386.27 million on June 9, followed by a $431.12 million increase on June 10. Despite a slight decline in the week, inflows rebounded sharply on June 13 and rebounded sharply on June 13’s latest $412.2 million price.
Total net assets of all US Bitcoins (BTC) ETFs have reached US$132.5 billion, and now account for 6.13% of Bitcoin’s total market capitalization. Trading volumes also remained strong, with a value of $3.12 billion on June 16 alone.
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BlackRock’s ibit leads the fee
BlackRock’s iShares Bitcoin Trust (IBIT) Leading the allegation, which recorded a net inflow of $266.6 million on June 16 and now accumulated a total of $50.03 billion.
Fidelity’s FBTC was followed by $82.96 million, and Grayscale GBTC Since its inception, it has lagged behind $12.84 million, with a net outflow of $23.23 billion.
“Despite the increasing tensions between Israel and Iran, institutions are still looking for short-term volatility and focus on long-term positioning,” Vincent Liu, chief investment officer of Taiwan-based company Kronos Research, told Cointelegraph.
“The stable inflow of Bitcoin ETFs reflects resilience, accessibility and increasing trust in BTC as hedges in a changing macro environment.”
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Bitcoin declines, but market structure is established
The unexpected Israeli strike against Iran on June 13 triggered a market sell-off. Reduce Bitcoin to over 7% and end the week on negative territory.
Under the hood, indicators show signs of surrender, Bitfinex analyst explain In the June 16 report. They noted that the net collection reached a low price of more than a week at $170 million, indicating that sales were aggressive.
“But this sales are similar to the surge in liquidation, similar to past surrender-style settings that often mark local bottoms,” analysts said.
They added that if Bitcoin manages to hold the $102,000 to $103,000 area, it could indicate that sales pressure is absorbing and that the market can recover.
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