On June 16, in the USA, the Bitcoin Exchange Funds (ETFS) recorded USD 412.2 million net influx, extending their series to six days and exceeding the total cumulative revenues to USD 46.04 billion.
The six -day influx series began on June 9 and has now absorbed over $ 1.8 billion, capital, According to For data from Sosovalue. The run lasted despite the escalation of geopolitical tensions, including the renovated conflict between Iran and Israel.
Daily contributions covered USD 386.27 million on June 9, followed by USD 431.12 million on June 10. Despite the diminutive decline in the middle of the week, an influx of USD 322.60 million on June 13 and the latest USD 412.20 million June 16.
Total net assets in all ETFs in the USA (BTC) have reached USD 132.50 billion, which currently accounts for 6.13% of total Bitcoin market capitalization. The commercial volume also remained robust, and the value of $ 3.12 billion was mentioned on June 16.
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Ibit Blackrock is a fee
Blackrock’s Ishares Bitcoin Trust (IBIT) has ran a fee that recorded a net influx of $ 266.60 million on June 16, and currently accumulated USD 50.03 billion.
Fittc Fidelity after 82.96 million dollars, while GBTC Gayscale lagged behind only $ 12.84 million and still shows a net outflow of 23.23 billion dollars from the very beginning.
“Despite the growing tensions between Israel and Iran, the institutions previously look at the short -term variability and focus on a long -term position,” said Cointelegraph with its registered office at the Taiwanese company Kronos Research, adding:
“The constant influx of ETF Bitcoin reflects the growing confidence in the immunity, availability and role of BTC as security in the changing macro environment.”
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Bitcoin immerses, but the market structure maintains
An unexpected Israeli strike in Iran on June 13 caused the market sale, lowering Bitcoin by over 7% and ending a week in negative territory.
Under the hood, the indicators showed signs of surrender, Bitfinex analysts he said In the report of June 16. They noticed that the net volume reached the lowest level-187 million dollars, which indicates aggressive sales.
“This sales combined with a jump in liquidation resembles configurations in the style of earlier surrender, which often mean local DNA,” analysts said.
They added that if Bitcoin manages to accommodate a zone 102,000–103,000 USD, this may suggest that the pressure on sale is absorbed and that the market can be prepared for recovery.
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