Bitcoin and Ethereum spot ETFs have attracted substantial investments in recent days, with combined inflows totaling $37.8 million. This influx of capital comes amidst heightened US-Iran tensions, which have sparked concerns about global economic stability.
Institutional investors are increasingly treating Bitcoin as a safe-haven asset, seeking refuge from market volatility in the cryptocurrency's relatively stable value. The growing demand for Bitcoin ETFs is reflected in the rising odds of reaching new all-time highs, with the June 30 market now priced at 3.5% YES.
While traders remain skeptical about the likelihood of a new high before July, sustained ETF inflows could ultimately support longer-term price growth. Ethereum's $23.38 million in inflows also suggest growing institutional interest in the cryptocurrency, although its April market remains relatively inactive.