Flat bitcoin while the ETFs extend for 8th the tickets to USD $ 2.3 billion

By Hannah Pérez

The Bitcoin ETF challenges the bearish trend with tickets accumulated for more than USD $ 2 billion in the last 8 days. Bitcoin, meanwhile, is shown without much change around USD $ 104,000.

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• The Bitcoin ETF challenges the bearish trend with accumulated entries for 8 days in a row.
• During that period, ETFs have attracted more than USD $ 2 billion.
• Meanwhile, Bitcoin feels the weight of the conflict in the Middle East and macroeconomic events.
• Bitcoin is around USD $ 104,000 on Thursday, consolidated on the USD threshold $ 100,000.

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The funds quoted in the stock market (ETF) of Bitcoin in cash in the United States they continue to attract capital of investors despite the sales pressure surrounding Bitcoin in the midst of geopolitical tensions.

Bitcoin (BTC) remains relatively flat in the price graphics this Wednesday, around USD $ 104,000, after a volatile action caused by the evolution of the conflict between Israel and will go in recent days.

The tendency of the cryptocurrency market has been primarily bassist since the tensions between Israel and Iran escaped to an open military conflict last Friday, June 13. Since then, both nations of the Middle East have been launching missiles feeding nervousness in international markets and concerns for a regional escalation.

On the seventh day of clashes, both parties continued to exchanges intense attacks. Israel maintained its aerial offensive in Tehran, while Iran launched missiles against Tel Aviv and Beersheba, impacting a hospital.

Bitcoinwhich at the beginning of the week had managed to boost on the USD $ 108,000, remained almost without variation, falling just 0.23% on Thursday in the last 24 hours to be at USD $ 104,250 at the time of writing these lines.

The price of the largest cryptocurrency fell momentarily towards the USD $ 103,000 area on Wednesday, after the United States Federal Reserve (Fed) announced its decision to keep the reference interest rates unchanged. Although the policy formulators hinted that it still visualizes two cuts towards the end of the year, the decision suggests that the Central Bank continues with its focus to wait and see, attentive to the possible impacts of Donald Trump’s tariffs in the local economy.

The reaction in the price of Bitcoin He confirms that macro developments continue to influence the market, with the decision of rates in the United States, Trump’s tariffs and now the Israel-Iran conflict, in the sights of investors.

The Bitcoin ETF challenges the bearish trend

In the midst of this complex panorama, the ETF market of Bitcoin in cash in the US.

On Wednesday, the 12 American ETFs with direct exposure to Bitcoin, They registered a net flow per USD $ 389.5 million, raising the net tickets accumulated in the last eight days to USD $ 2.3 billion, according to calculations based on data from data from Sosovalue.

The ibit of Blackrock continues to dominate the other funds of Bitcoinattracting USD $ 278.9 million in net tickets only on Wednesday, followed by the FBTC of Fidelity with USD $ 104.4 million.

Bitb of Bitwisethe ETF mini of Grayscale and defi de Hashdex They also marked tickets, while GBTC of Grayscale He experienced the only net departures of the day, for USD $ 16.4 million. The rest of the ETFs of Bitcoin They recorded zero flows in the day.

Also American ETFs Ethereum The cash closed in green on Tuesday, with a net entrance for USD $ 19 million and extending the positive streak to three days, according to the data. This was after breaking a record of 19 continuous tickets on Friday.

To date, the ETFs Bitcoin They have accumulated a net entrance combined by USD $ 46.65 billion since their debut in January 2024, with net assets under management (AUM) amount to USD $ 127 billion to June 18.

Institutional appetite by the ETF Bitcoin is maintained

The flow of income between both ETF of cryptocurrencies in cash in the US. UU. Contraces with the primarily negative performance of the underlying asset in recent days, and seems to reflect an optimistic feeling among institutional investors, whose appetite has not disappeared despite the attacks in the Middle East and complex macro events.

“The data suggests that institutions remain constructive in the medium -term increase in cryptocurrency …“, Said the main investigation analyst at BRN, Valentin Fournier, to The Block. “Despite the increase in institutional flows, the impulse remains soft, overwhelmed by geopolitical concerns and the lack of catalysts“

Bitcoin It has consolidated over USD $ 100,000, currently maintaining a streak of more than 40 days on that psychological threshold. Its price is almost 7% lower in relation to its historical maximum close to USD $ 112,000 conquered last month.

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Hannah Estefanía Pérez / Diariobitcoin

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