The spot Bitcoin ETFs recorded their eighth straight day of inflows as early market panic from the Israel-Iran conflict appears to be cooling off.
US-based spot Bitcoin exchange-traded funds recorded $388.3 million in inflows on Wednesday to make it eight consecutive days of fresh capital, despite initial market panic from the Israel-Iran conflict.
BlackRock’s iShares Bitcoin Trust (IBIT) and the Fidelity Wise Origin Bitcoin Fund (FBTC) led all with $278.9 million and $104.4 million in inflows, respectively, Farside Investors data shows.
The strong inflow on June 18 shows institutional confidence remains firm as Bitcoin (BTC) held steady in the $105,000 range despite renewed Iran-Israel tensions initially rattling the markets, crypto analytics platform Santiment said in a June 18 X post.
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