Bitcoin ETFs Witness $1.07B Inflow in Four Days, Indicating Increased Institutional Interest

Bitcoin Exchange-Traded Funds (ETFs) have seen a considerable inflow of over $1 billion in just four days, indicating a resurgence of institutional interest. The surge has offset previous outflows of $278.44 million and $47.82 million recorded on June 5 and June 6, respectively. This development comes amidst significant market changes due to Middle East tensions, which led to a $190 billion wipeout in total cryptocurrency market capitalization.

Despite the market unrest, Bitcoin remains 1% higher than the previous week. Meanwhile, Ethereum ETFs have also experienced a consistent inflow for 19 consecutive days, even surpassing Bitcoin with a record $240 million in daily net additions on June 11. This trend may signal a shift in investor preference towards Ethereum amidst increasing regulatory optimism around decentralized finance and clarity around Ethereum's classification.