US-based spot Bitcoin exchange-traded funds (ETFs) have recorded significant inflows, totaling $388.3 million on June 18, marking the eighth consecutive day of asset growth. This surge comes amidst initial market turmoil following the Israel-Iran conflict, which seems to be subsiding as Bitcoin prices stabilize in the $104,000 to $105,000 range. Leading this inflow are BlackRock's iShares Bitcoin Trust with $278.9 million and Fidelity's Wise Origin Bitcoin Fund with $104.4 million. The data from crypto analytics platform Santiment indicates that institutional confidence remains strong, despite geopolitical disruptions. Additionally, while other Bitcoin products did not see inflows, Grayscale's products suffered outflows of $26.5 million. After a slow start to the year, total inflows into Bitcoin ETFs have reached approximately $11.2 billion since mid-April. In parallel, the US spot Ether ETFs saw a resurgence in inflows after a brief interruption, indicating ongoing interest in cryptocurrency investments.

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