Bitcoin ETFs Log $388M in Daily Inflows Despite Geopolitical Tensions

U.S.-based spot Bitcoin ETFs recorded $388.3 million in net inflows on Wednesday, marking eight consecutive days of investor confidence despite market jitters stemming from renewed tensions between Israel and Iran . The surge in capital underscores the growing institutional appetite for digital assets, particularly Bitcoin, as it continues to stabilize in the face of global uncertainty. BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity’s Wise Origin Bitcoin Fund (FBTC) led the charge, attracting $278.9 million and $104.4 million, respectively, according to data from Farside Investors. The Bitwise Bitcoin ETF (BITB) also contributed $11.3 million in inflows, while other prominent funds, including those by ARK Invest, Invesco, and VanEck, recorded no new capital on the day. Crypto analytics platform Santiment noted that Bitcoin’s resilience amid geopolitical uncertainty mirrors its behavior during past global conflicts. The current pattern is similar to Bitcoin’s price action following Russia’s invasion of Ukraine in 2022 and the Israel-Palestine conflict in 2023, both of which triggered short-term sell-offs before price stabilization. Grayscale Lags Behind as Rivals Attract Capital While most of the newly launched Bitcoin ETFs have enjoyed growing investor interest, Grayscale’s products continued to see capital outflows. The Grayscale Bitcoin Trust ETF (GBTC) lost $16.4 million, and its recently introduced low-fee product, the Grayscale Bitcoin Mini Trust, saw $10.1 million in outflows. Despite early-year sluggishness, total inflows across all 11 U.S. spot Bitcoin ETFs have surged to $11.2 billion since April 17. Altogether, the funds have attracted over $46.3 billion in net inflows, with BlackRock and Fidelity leading at $50.6 billion and $11.5 billion in total assets under management. Notably, this figure includes more than $23.2 billion in outflows from Grayscale’s GBTC. Ether ETFs Regain Momentum Amid Regulatory Clarity Spot Ether ETFs in the U.S. also showed signs of strength, posting three consecutive days of net inflows from June 16 to 18 after a brief pause. On Wednesday alone, the products saw over $19.1 million in new capital. BlackRock’s iShares Ethereum Trust ETF (ETHA) continues to lead among Ether funds, maintaining an inflow streak on every trading day except two since May 20. Industry analysts say renewed confidence in Ether ETFs stems from the SEC’s recent clarification that protocol-level staking does not constitute a securities transaction. The post Bitcoin ETFs Log $388M in Daily Inflows Despite Geopolitical Tensions appeared first on TheCoinrise.com .

Source: The Coin Rise