The U.S. spot Bitcoin exchange-traded funds (ETFs) recorded a net inflow of $412.2 million on Monday, maintaining an inflow trend for six consecutive days, with a total cumulative inflow amount reaching $46.04 billion.
According to SoSoValue data, this six-day inflow trend began on June 9 and has absorbed over $1.8 billion in funds to date. Despite escalating geopolitical tensions, including renewed conflict between Iran and Israel, the inflow trend continues.
The daily inflow amounts include $386.27 million on June 9, which surged to $431.12 million on June 10. Although there was a slight pullback midweek, the inflow amount rebounded to $322.6 million on Friday, with the latest figure on Monday recorded at $412.2 million.
The total net assets of all Bitcoin (BTC) ETFs in the U.S. have reached $132.5 billion, accounting for 6.13% of Bitcoin's total market capitalization. Trading volume also remains strong, with a trading volume of $3.12 billion on Monday alone.
BlackRock's iShares Bitcoin Trust (IBIT) leads the market, recording a net inflow of $266.6 million on Monday, with a cumulative inflow amount reaching $50.03 billion.
Fidelity's FBTC follows closely, recording $82.96 million, while Grayscale's GBTC only recorded $12.84 million, showing a net outflow of $23.23 billion since its inception.
Vincent Liu, Chief Investment Officer at Taiwan's Kronos Research, told Cointelegraph: "Despite the escalating tensions between Israel and Iran, institutional investors remain unfazed by short-term volatility and focus on long-term positioning." He added:
"The steady inflow into Bitcoin ETFs reflects growing trust in Bitcoin's (BTC) resilience, accessibility, and its role as a hedging tool in an ever-changing macro environment."
On Friday, Israel's unexpected strike on Iran triggered a market sell-off, with Bitcoin dropping over 7%, closing the week in negative territory.
Bitfinex analysts stated in a report on Monday that intrinsic indicators show signs of capitulation selling. They noted that the net taker volume dropped to a multi-week low of $197 million, indicating aggressive selling pressure.
Analysts said: "However, this selling pressure combined with a surge in liquidation volume, similar to past capitulation patterns, typically signals a local bottom."
They added that if Bitcoin can hold the range of $102,000 to $103,000, it may indicate that selling pressure is being absorbed, and the market could be preparing for a rebound.
Related: The surge in crypto ETF applications triggers a market structure reshaping and a shift in investment trends.
Original: “BlackRock Drives $412 Million Inflows into Bitcoin (BTC) ETF Amid Iran-Israel Conflict”
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