Despite the tense situation in the Middle East, the US Bitcoin ETF has still attracted capital for 8 consecutive days.

Gate News bot reported that according to Cointelegraph, despite initial panic in the market due to the conflict in the Middle East, the US Spot Bitcoin exchange-traded fund (ETF) still recorded an inflow of $388.3 million on Wednesday, marking eight consecutive days of new fund inflows.

Data from Farside Investors shows that BlackRock's IBIT and Fidelity's FBTC lead all funds with inflows of $278.9 million and $104.4 million, respectively.

The cryptocurrency analysis platform Santiment stated in an X article on June 18 that the strong capital inflow on June 18 indicates that despite the initial market disruption caused by the renewed tensions between Iran and Israel, the Bitcoin price remains stable at around $105,000, showing that institutional confidence remains strong.

"Despite initial panic, Bitcoin remains within the range of $104,000 to $105,000, thanks to continued ETF inflows and a lack of subsequent military actions, reflecting the typical 'flight to safety, then stabilization' pattern seen in past geopolitical crises."

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