Spot Bitcoin ETFs in the US recorded an inflow of $461.77 million over the past 24 hours. Ten out of eleven major funds showed positive dynamics.
BlackRock's IBIT led the way with an inflow of $306.58 million. The total assets under management of all funds reached $94.56 billion. The outflow since the beginning of the year is almost closed and amounts to $646.40 million.
Over the week, $1.37 billion flowed into Bitcoin ETFs, and over the month, $1.19 billion.
Bloomberg analyst Eric Balchunas noted an interesting dynamic: after Iran's attack on Israel, Bitcoin rose 12% and gold fell. However, he cautioned against jumping to conclusions that gold has "failed" as a safe-haven asset.
In his opinion, the growth of Bitcoin may be related not to geopolitics, but to the departure of the Jane Street hedge fund from the market and a general change in investor sentiment. Gold sales may simply be profit-taking, and some investors are switching to Bitcoin in anticipation of the next rally.
ETH-ETF +$169 million