Crypto De Nostradame
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Bullish
$588 Million Flows into Bitcoin ETFs
U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $588.6 million in investment on Tuesday, the largest daily inflow in June. The increase marked the 11th consecutive day of positive net flows, and also marked the longest positive streak since December 2024.
BlackRock’s iShares Bitcoin Trust (IBIT) fund provided the bulk of this strong inflow, according to Farside Investors. IBIT alone saw $436.3 million flow into the fund on Tuesday. Fidelity’s FBTC fund attracted $217.6 million in new capital. Bitwise and VanEck made smaller contributions, while Grayscale’s GBTC fund saw $85.2 million in outflows.
Over the 11-day period since June 10, Bitcoin ETFs have seen more than $2.2 billion in total inflows. This comes despite geopolitical tensions, as institutional investors
Bitcoin and the broader crypto market have been on the rise following the ceasefire between Israel and Iran. Markets breathed a sigh of relief after US President Trump announced a “full and comprehensive ceasefire.” Bitcoin has risen from a six-week low of $98,000 to surpass $106,800.
“The continued inflows in spot Bitcoin ETFs suggest that $BTC is strengthening its position as digital gold,” said Vincent Liu, chief investment officer at Kronos Research. Investors are looking for stability over scarcity, Liu said.
There is a mixed picture in assets other than Bitcoin. VanEck's Ether ETF called EFUT stands out with an inflow of $98 million. In addition, Grayscale's ETHE fund experienced an outflow of $26.7 million on the same day.
NoOnes CEO Ray Youssef describes this rise as a "relief rally." According to Youssef, this movement is more of a temporary reaction following tension than a breakout. Developments such as Powell's speech in Congress and the PCE inflation data to be announced will determine Bitcoin's direction in the coming days.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
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U.S. spot Bitcoin exchange-traded funds (ETFs) attracted $588.6 million in investment on Tuesday, the largest daily inflow in June. The increase marked the 11th consecutive day of positive net flows, and also marked the longest positive streak since December 2024.
BlackRock’s iShares Bitcoin Trust (IBIT) fund provided the bulk of this strong inflow, according to Farside Investors. IBIT alone saw $436.3 million flow into the fund on Tuesday. Fidelity’s FBTC fund attracted $217.6 million in new capital. Bitwise and VanEck made smaller contributions, while Grayscale’s GBTC fund saw $85.2 million in outflows.
Over the 11-day period since June 10, Bitcoin ETFs have seen more than $2.2 billion in total inflows. This comes despite geopolitical tensions, as institutional investors
Bitcoin and the broader crypto market have been on the rise following the ceasefire between Israel and Iran. Markets breathed a sigh of relief after US President Trump announced a “full and comprehensive ceasefire.” Bitcoin has risen from a six-week low of $98,000 to surpass $106,800.
“The continued inflows in spot Bitcoin ETFs suggest that $BTC is strengthening its position as digital gold,” said Vincent Liu, chief investment officer at Kronos Research. Investors are looking for stability over scarcity, Liu said.
There is a mixed picture in assets other than Bitcoin. VanEck's Ether ETF called EFUT stands out with an inflow of $98 million. In addition, Grayscale's ETHE fund experienced an outflow of $26.7 million on the same day.
NoOnes CEO Ray Youssef describes this rise as a "relief rally." According to Youssef, this movement is more of a temporary reaction following tension than a breakout. Developments such as Powell's speech in Congress and the PCE inflation data to be announced will determine Bitcoin's direction in the coming days.
⚠️ Note: My posts are not investment advice. There may be errors due to translation. Please do your own review. You can also write your thoughts in the comments section.
$ETH $BNB
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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