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U.S spot Bitcoin ETFs registered a significant net capital inflow of $388.3 million on Wednesday, marking the eighth consecutive day of positive flows.
The influx of funds comes despite rising tensions between Israel and Iran, indicating a high level of institutional confidence in Bitcoin, according to Cointelegraph.
Data from Farside Investors shows that the leading contributors were BlackRock’s iShares Bitcoin Trust (IBIT) with $278.9 million and Fidelity’s Wise Origin Bitcoin Fund (FBTC) with $104.4 million. The Bitwise Bitcoin ETF (BITB) also saw an inflow of $11.3 million, while products from ARK Invest, Valkyrie, Franklin Templeton, Invesco, VanEck, and WisdomTree recorded no new capital for the day.
According to analytics platform Santiment, Bitcoin’s price remained relatively stable around $105,000 despite initial market anxiety following the escalation of conflict in the Middle East. Analysts noted that this behavior mirrors market reactions during previous geopolitical crises—such as Russia’s invasion of Ukraine in 2022 and the Israel–Palestine conflict in 2023—where Bitcoin initially dipped before quickly recovering.
Santiment emphasized that consistent ETF inflows and the lack of major military escalation helped stabilize Bitcoin’s price. This “risk-off, then stabilize” pattern reinforces the perception of Bitcoin as a macroeconomic safe-haven asset.
Not all funds saw positive results. Grayscale’s products were the only ones to record capital outflows on June 18. The Grayscale Bitcoin Trust (GBTC) lost $16.4 million during the session.
Despite the strong ETF momentum and favorable regulatory signals in the U.S., Bitcoin remains range-bound, trading between $100,000 and $110,000. Analysts warn of a possible short-term correction after the cryptocurrency surged from $75,000 to above $100,000 earlier in the quarter. Key levels to watch are $102,000 on the downside and $106,000 on the upside.
Read also: Trump Media and Technology Group (TMTG), the parent company of Truth Social and partially owned by U.S. President Donald Trump, has received approval from the Securities and Exchange Commission (SEC) for a major investment operation involving Bitcoin.