US spot Bitcoin exchange‑traded funds (ETFs) recorded $412.2 million in net inflows on June 16, extending their streak to six days and pushing total cumulative inflows to $46.04 billion.
Inflows have been accumulating since June 9, and totaling over $1.8 billion. according Data from SoSoValue. This run is continuing despite the escalating of geopolitical tensions including a new conflict between Israel and Iran.
On June 10, the daily contributions jumped to $431.12 millions, followed by $386.27 on June 9. Inflows recovered sharply after a small dip in the middle of the week, with $322.60 on June 13, and $412.20 on June 16, respectively.
Net assets of US Bitcoin (BTCThe ETF market has now reached $132.50billion and represents 6.13 % of the total Bitcoin market cap. Trading volumes were also high, as $3.12billion in Bitcoins was exchanged only on June 16.
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BlackRock IBIT takes the lead
BlackRock’s iShares Bitcoin Trust (IBIT) Leading the charge is China, which has amassed $50.03 billion total and recorded $266.60 net million inflows on June 16.
Fidelity’s FBTC was second with $82,96 millions. Grayscale’s GBTC The net flow of the fund is still $23.23 billion, despite a deficit of only $12.84million.
“Despite rising tensions between Israel and Iran, institutions are looking past short-term volatility and focusing on long-term positioning,” Vincent Liu told Cointelegraph that he is chief investment officer for the Taiwanese company Kronos research.
“Steady Bitcoin ETF inflows reflect growing trust in BTC’s resilience, accessibility, and role as a hedge in a shifting macro environment.”
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Bitcoin dips, but market structure holds
A sudden Israeli attack on Iran, on 13 June, triggered an immediate market drop. pulling Bitcoin down over 7% Ending the week on a negative note.
Bitfinex analysts found that metrics were showing signs of capitulation. said In a report dated June 16, they noted that Net Taker Volume had hit a multi-week low of -$197 million, indicating aggressive selling. They noted that Net Taker Volume hit a multi-week low at –$197 million, indicating aggressive selling.
“This selling, however, combined with a spike in liquidations, resembles past capitulation-style setups that often mark local bottoms,” The analysts stated.
They added that if Bitcoin manages to hold the $102,000–$103,000 zone, it may suggest that selling pressure is being absorbed and that the market could be primed for recovery.
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Source: cointelegraph.com
