data<\/a> from SoSoValue, the 12 spot Bitcoin ETFs pulled in $1.02 billion over the past week, a significant drop of over 26% compared to the $1.39 billion these funds attracted the week before.<\/p>\nThe week of June 16\u201320 started off strong. Bitcoin ETFs saw $412.2 million in inflows on Monday, followed by $216.48 million on Tuesday and $389.57 million on Wednesday. Thursday was a holiday in the U.S. due to Juneteenth, so markets were closed. But on Friday, inflows fell off a cliff, coming in at just $6.37 million, down about 98% from the average of the previous three trading days.<\/p>\n
Most of Friday\u2019s activity was concentrated in two major funds. BlackRock\u2019s IBIT saw $46.91 million in inflows, but that was almost entirely offset by a massive $440.55 million outflow from Fidelity\u2019s FBTC. The rest of the spot Bitcoin ETFs had no activity at all.<\/p>\n
The significant drop in investor demand came as President Donald Trump set a two-week deadline to decide whether the U.S. would officially join Israel\u2019s military campaign against Iran, an ally it\u2019s long backed in the region. That uncertainty spooked markets and drove a broader pullback in risk-on assets like crypto.<\/p>\n
While last week\u2019s ETF flows reflected early caution, developments over the weekend added to the geopolitical strain and could further weigh on demand this week.<\/p>\n
<\/p>\n
On June 22, American forces launched a coordinated airstrike on Iran, targeting three key nuclear sites. This marked a turning point in the crisis and intensified fears of a broader conflict.<\/p>\n
In response, Iran vowed retaliation, warning of \u201ceverlasting\u201d consequences and has even threatened to shut down the Strait of Hormuz, a critical passage for nearly 20% of the world\u2019s oil supply.\u00a0<\/p>\n
Oil traders are on high alert, with some analysts now projecting prices could spike to $120\u2013$130 per barrel and potentially push U.S. inflation back toward 5%, a level not seen since March 2023, when the Fed was still actively raising rates.<\/p>\n
Oil prices are often viewed as a barometer for global economic stability and can influence central bank policy decisions, which can impact investor demand for risk-on assets such as\u00a0 Bitcoin.<\/p>\n
As markets digested the news, investors started moving out of crypto and into traditional safe-haven assets like gold and defense-sector equities.\u00a0<\/p>\n
Bitcoin felt the pressure, dropping over 2.8% to dip below $99,000 on June 22. Ethereum (ETH) took a bigger hit, tumbling around 9%, while other major altcoins, including Virtuals Protocol, Celestia, Aptos, and AB, were all down over 9% as well.<\/p>\n
Despite the sell-off, Bitcoin (BTC) managed to rebound above $100,000 by press time. That recovery was fueled by a 75.8% spike in daily trading volume, which rose to $48.4 billion.<\/p>\n
Meanwhile, derivatives activity surged as well, volume jumped 67% to $136 billion, according to data<\/a> from Coinglass. This suggests some traders may have closed positions due to the uncertainty but are now testing the waters again.<\/p>\nGoing forward, the trajectory of Bitcoin will likely be shaped by the pace of diplomatic resolution and the resilience of exchange-traded fund inflows against ongoing sell-side pressure, factors that have historically influenced its performance during periods of geopolitical crisis.<\/p>\n
<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"
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