$BTC #ETFs Pull $1.2 Billion Despite Global Conflict Escalation and Market Volatility
Digital asset investment products have recorded their 10th consecutive week of inflows totaling $1.24 billion.
$BTC dominated with $1.1 billion in institutional investment despite recent price corrections.
Year-to-date inflows reached an unprecedented $15.1 billion as geopolitical tensions failed to deter investors.
$ETH captured $124 million, marking its ninth consecutive week of positive flows since mid-2021.
U.S. markets led with $1.25 billion while Hong Kong saw
$32.6 million in #outflows.
#CoinShares noted activity slowed following the Juneteenth holiday and reports of global tension.
Short-Bitcoin products experienced minimal $1.4 million outflows, indicating limited #bearish sentiment.
$SOL and
$XRP attracted $2.78 million and $2.69 million, respectively, in continued #altcoin diversification.