Bitcoin Price Falters Amid US-Iran Talks Stalemate, ETF Investors Remain Buoyant

The price of Bitcoin declined on Sunday after US-Iran negotiations in Islamabad concluded without a deal, but investors continued to show interest in US spot bitcoin ETFs.

US spot bitcoin ETFs saw significant inflows on April 9 and 10, with BlackRock's IBIT and Fidelity's FBTC pulling in the largest share of funds. Morgan Stanley's MSBT fund is also gaining traction in the institutional space, with its aggressive fee positioning seen as a clear sign that financial advisers are eager for the product.

However, the macro environment remains volatile, with rising oil prices, inflation, and geopolitical tensions potentially impacting markets. Despite this, Bitcoin managed to hold onto most of its gains this week, despite the failed diplomatic efforts over the weekend.