Bitcoin ETFs see over $1.3 billion inflows in last 5 days
The post Bitcoin ETFs see over $1.3 billion inflows in last 5 days appeared on BitcoinEthereumNews.com.
Bitcoin (BTC) exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict. According to data from Farside Investors, the streak began on Monday, June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days. Bitcoin ETF inflow data from May 26-June 13. Source: Farside Investors The price of Bitcoin has proved resilient in the wake of the Israeli airstrikes on Iran, dropping by roughly 3% in response to the news. Coin Bureau founder Nic Puckrin said: “Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years. It is clear USD is only going in one direction, and Bitcoin typically goes in the opposite.” Despite this, the analyst warned that risk-on assets could see a significant short-term price drop if Iran chooses to close the Strait of Hormuz, a narrow waterway through which 20% of the global oil supply passes. The Strait of Hormuz, the narrow waterway that transports 20% of the global oil supply. Source: Free World Maps Closing the Strait would cause a spike in energy prices, disrupting global markets. Retaliatory military strikes by both sides over the weekend threaten to spark a full-blown regional war that will impact crypto markets and asset prices. Related: Bitcoin price breakout to $119K possible if oil rally pattern holds Bitcoin holds steady despite recent geopolitical shock “It is encouraging to see that after briefly dipping below $103,000, as $422 million in Bitcoin longs got liquidated, BTC has recovered to trade around $105,000,” Puckrin said on…
Filed under: News - @ June 14, 2025 11:28 pm