Despite the initial market panic triggered by the conflict between Israel and Iran, U.S. spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded an inflow of $388.3 million on Wednesday, marking the eighth consecutive day of fresh capital injection.
According to Farside Investors, BlackRock's iShares Bitcoin Trust (IBIT) and Fidelity's Wise Origin Bitcoin Fund (FBTC) led the inflows with $278.9 million and $104.4 million, respectively.
Crypto analytics platform Santiment stated in a post on X on June 18 that the strong inflow on June 18 indicates that institutional confidence remains firm despite renewed tensions between Iran and Israel disrupting the market, with Bitcoin (BTC) prices stabilizing in the $105,000 range.
"Despite the initial panic, Bitcoin prices have remained in the $104,000 to $105,000 range, thanks to ongoing ETF inflows and a lack of follow-up on military actions, reflecting the common 'stability after a safe haven' pattern seen in past geopolitical crises."
Santiment noted that this pattern is very similar to Bitcoin's price response to Russia's invasion of Ukraine in February 2022 and the Israel-Palestine conflict in October 2023, when Bitcoin prices fell by about 7% before stabilizing a few days later.
The Bitwise Bitcoin ETF (BITB) was the only other product to record inflows on June 18, with an inflow of $11.3 million, while Bitcoin ETFs issued by ARK Invest, Invesco, Franklin Templeton, Valkyrie, VanEck, and WisdomTree did not record any inflows that day.
Grayscale Bitcoin Trust ETF (GBTC) saw an outflow of $16.4 million, while the asset management company's low-fee product, Grayscale Bitcoin Mini Trust, also recorded an outflow of $10.1 million.
After a slow start in the first few months of 2025, inflows into spot Bitcoin ETFs have recently accelerated, totaling $11.2 billion since April 17.
Since then, there have only been 8 days of outflows, during which Bitcoin prices rose from below $85,000 to $104,950.
Over $46.3 billion has flowed into these 11 Bitcoin products, with BlackRock's IBIT and Fidelity's FBTC leading with $50.6 billion and $11.5 billion, respectively.
This statistic includes the $23.2 billion outflow from Grayscale's GBTC.
U.S. spot Ethereum (ETH) ETFs recorded inflows for 19 consecutive days before June 13, but this was interrupted, and there was a rebound over three consecutive days from June 16 to 18, including an inflow of over $19.1 million on Wednesday.
According to Farside Investor, BlackRock's iShares Ethereum Trust ETF (ETHA) led with a total net outflow of $5.28 billion.
Since May 20, BlackRock's ETHA has recorded inflows on every trading day except for two, and it has not recorded any outflows since May 7.
The strong inflows come as the U.S. Securities and Exchange Commission (SEC) crypto task force adopts a more collaborative approach with industry participants and recently clarified that staking at the agreement level does not constitute a security transaction—potentially opening the door for future Ethereum ETFs with staking features.
Related: Report: "Crypto-native" asset management firms have seen on-chain holdings grow fourfold since January
Original: “Despite Tensions in the Middle East, U.S. Bitcoin (BTC) ETFs Continue 8 Days of Inflows”
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