Despite the Israel-Iran conflict, Bitcoin ETF has seen inflows for 8 consecutive days, with approximately 400 million Dollars in net inflows on the 18th.

## ETF Market Conditions in Wartime

On the 18th, the spot ETF for Bitcoin (BTC), a cryptocurrency in the United States, saw a net inflow of approximately $390 million (about 56.6 billion yen).

The net inflow of funds has now been continuous for 8 business days. Amid rising geopolitical risks due to military conflicts between Israel and Iran, the demand for Bitcoin's spot ETF is being maintained, and there is a view that this demand is also supporting the market for Bitcoin itself.

The following is a fund flow chart provided by "SoSoValue". The 19th is a holiday in the United States, so the recent trends are unclear, but it shows that there has been a continuous net inflow for 8 business days since the 9th.

Source: SoSoValue

Looking at it by product, the leader in capital inflows is the "IBIT" provided by BlackRock. Since the 9th, only IBIT has recorded continuous net inflows among U.S. Bitcoin spot ETFs, with approximately $640 million (about 93 billion yen) in net inflows on the 17th.

Cryptocurrencies such as Bitcoin are still often viewed as risk assets, and they tend to be sold when geopolitical risks rise. However, there are many indications that once the selling subsides, they are likely to rebound.

James Butterfill, the head of research at cryptocurrency investment firm CoinShares, pointed out on the 16th that there is high demand for cryptocurrency investment products. Despite increasing geopolitical risks, he indicated that cryptocurrencies, along with gold, are in high demand and are maintaining their resilience.

Spot ETFs for cryptocurrencies like Bitcoin are popular financial products among institutional and individual investors because they allow exposure without directly holding the underlying assets. Additionally, they offer benefits such as being able to trade under clear regulations and preferential tax treatment.

What is exposure?

The amounts, balances, and ratios of financial assets held by investors and institutions that are directly exposed to price fluctuation risks and counterparty risks.

Ethereum spot ETF market situation

The US Ethereum (ETH) spot ETF had a net inflow of $19.1 million (approximately 2.8 billion yen) on the 18th.

This marks three consecutive business days of net inflows, and excluding the net outflow on the 13th, the net inflows have continued for an even longer period. The Ethereum spot ETF leading the inflow of funds is BlackRock's "ETHA."

Regarding Ethereum, Mr. Butterfield has also reported that the demand for investment products is increasing, and he indicated that sentiment (market psychology) has significantly improved.

This week, the SNS platform "Truth Social" operated by Trump Media & Technology Group, owned by President Trump, has filed for an ETF linked to the prices of Bitcoin and Ethereum.

Bitcoin (BTC) News and Price

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