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US Spot Bitcoin Exchange-Traded Funds (ETFS) recorded the largest one-day tide with $ 588.6 million on Tuesday. The increase expands the stripe to 11 consecutive days of clean positive flows and since December 2024 it denotes the longest run of consistent tide.
According to data From Farside Investors were primarily driven Blackrock’s Ishares Bitcoin Trust (Ibit)that pulled out $ 436.3 million alone on June 24.
FBTC Fidelity followed with a new capital of $ 217.6 million, while smaller contributions came from Bitwis and Vanku. GBTC Grayscale, on the other hand, saw a continuing outflow and released $ 85.2 million.
During the 11 -day section since June 10, bitcoin (BTC) The ETF has added more than $ 2.2 billion, signaling a growing institutional interest in assets in spite of geopolitical tension.
Related: US CRYPTO ETF Approval of Chance on ‘90% or higher ‘
Israel -In the ceasefire makes it easier to worry about the market
Spot Bitcoin ETF and wider crypto markets received significant support after the ceasefire between Israel and Iran.
After US President Trump announced “complete and overall ceasefire” on Tuesday The markets exhaled by relief. According to CoinMarketcap data, Bitcoins have increased to a daily maximum of more than $ 106,800 and climbed from a recent six -week low nearly $ 98,000.
“The persistent influx to Bitcoin ETFS focuses on strengthening the story of BTC as digital gold. Investors are looking for stability through a shortage,” said Vincent Liu, Chief Investment Director of Taiwan Company Kronos Research.
“Bitcoin a bit strengthens its position of durable refuge in a rapidly changing geopolitical landscape.”
In addition to bitcoins, ether (Eth) ETF -based ETF showed mixed performance. Vanecky Efut published the tide of $ 98 million 24 June, compensated by the drain from Ethe Grayscale, who lost $ 26.7 million on the same day.
Related: History suggests that bitcoin cocks of $ 330,000, Crypto ETF courses reached 90%
The market is waiting for a macro signal
Ray Youssef, CEO of Noones, described the recent bitcoin bouches as a “relief rally” rather than a real escape, powered by more stabilization than renewed investors’ beliefs. In a note shared with Cointlegraph, Youssef said he felt as if the market “exhaled for a period of permanent voltage”.
Despite the ceasefire between Israel and Iran, traders remain cautious in the middle of a heavy macro week. The key upcoming events, including the Congress testimony of Fed, Jerome Powell and the PCE inflation reports, are expected to be strongly influenced by the short -term direction.
As long as the signals appear, it is likely that Bitcoin consolidates between $ 100,000 and $ 106,000, with a resistance of nearly $ 106,200 and the risk of $ 93,000, if support for $ 100,000 fails, Youssef said.
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