- Bitcoin ETFs reported five straight days of capital inflows despite ongoing geopolitical tensions between Israel and Iran.
- Total inflows reached over $1.3 billion from June 9 to June 13, according to Farside Investors.
- Bitcoin’s price dropped by about 3% after reports of Israeli airstrikes on Iran but rebounded quickly.
- Experts noted Bitcoin’s long-term movement is more closely linked to the U.S. Dollar Index (DXY) than to geopolitical events.
- Analysts warned that further escalation in the Middle East, especially closure of the Strait of Hormuz, could disrupt asset prices and crypto markets.
Bitcoin exchange-traded funds (ETFs) saw consistent investment inflows for five consecutive days, even as tensions increased in the Middle East. From June 9 to June 13, over $1.3 billion moved into Bitcoin ETFs, according to data from Farside Investors.
The streak began on Monday with inflows of more than $386 million and continued through Friday with another $301 million. The ongoing capital movement occurred alongside reports of Israeli airstrikes on Iran, which caused Bitcoin’s price to dip by roughly 3% before recovering.
According to Nic Puckrin, founder of Coin Bureau, “Over the long term, what matters most for Bitcoin is not geopolitics, it is the US dollar index (DXY), and the DXY has just broken below 100, its lowest level in over three years.” The DXY measures the value of the U.S. dollar relative to other major currencies. Puckrin added that Bitcoin tends to move in the opposite direction of the DXY.
However, Puckrin warned that if Iran closes the Strait of Hormuz—a key waterway for global oil shipments—energy prices could spike and financial markets might face greater risk in the short term. The Strait carries about 20% of the world’s oil supply; disruption could affect a wide range of assets.
Despite recent setbacks, Bitcoin was trading less than 6% below its record high of $112,000 set in May. The asset’s resilience has led some analysts to predict potential new highs, as investors treat Bitcoin as an alternative during times of economic and geopolitical uncertainty.
Bitcoin’s ongoing adoption is influenced by factors such as global debt, financial instability, and increased concerns about traditional financial systems. These pressures encourage investors to consider supply-capped assets like Bitcoin, particularly during periods of instability.
For more detailed ETF inflow data, see the full report from Farside Investors. Further information about potential oil supply disruptions is available from Free World Maps. Bitcoin Price analysis can be found on TradingView.
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