Bitcoin holding firm at around $105,000 despite recent geopolitical and economic shocks suggests a sign of strength and investor confidence. Bitcoin (BTC) exchange-traded funds (ETFs) recorded five days of consecutive inflows, despite the recent geopolitical turmoil caused by the Israel-Iran conflict. According to data from Farside Investors, the streak began on Monday, June 9, with inflows of over $386 million and continued through Friday, with an additional $301 million in inflows. In total, over $1.3 billion in capital moved into Bitcoin ETFs over the past five days. The price of Bitcoin has proved resilient in the wake of the Israeli airstrikes on Iran, dropping by roughly 3% in response to the news. Coin Bureau founder Nic Puckrin said: Read more
US-based spot Bitcoin ETFs recorded a straight week of daily inflows for the first time in four weeks. US-based spot Bitcoin exchange-traded-funds (ETFs) have recorded a total of $2.75 billion in inflows this week amid Bitcoin surpassing its January all-time high of $109,000. The $2.75 billion in inflows is approximately 4.5 times larger than the previous week’s $608 million, according to Farside data. On May 23, the final day of the trading week, spot Bitcoin (BTC) ETFs recorded $211.7 million in inflows. However, BlackRock’s IBIT was the only fund to post gains in the trading day, adding $430.8 million and extending its inflow streak to eight consecutive days. Read more
US spot Bitcoin ETFs may surpass their monthly record of $6.49 billion in May if momentum continues. Spot Bitcoin exchange-traded funds (ETFs) in the United States are heading for a record-breaking month, helping push Bitcoin to new all-time highs amid rising institutional demand. The US-listed spot Bitcoin (BTC) ETFs recorded more than $1.5 billion in combined inflows over a two-day period, with $608 million on May 21 and $934 million on May 22, according to data from Sosovalue. A repeat performance of the past two days’ inflows would see monthly inflows surge to $6.68 billion, surpassing the monthly record of $6.49 billion from November 2024. Read more
While the three leading presidential candidates have indicated a pro-Bitcoin ETF stance, previous political promises have yet to materialize in South Korea. South Korea could soon follow Hong Kong in legalizing spot Bitcoin exchange-traded funds (ETFs), as the country’s top presidential candidates have expressed pro-crypto positions. Still, some industry observers remain cautious about the likelihood of near-term regulatory change. “All three major South Korean presidential candidates support #Bitcoin ETFs and institutional investment,” Ki Young Ju, the founder and CEO of onchain data platform CryptoQuant, wrote in a May 14 X post. Read more