Despite the intensification of the conflict in the Middle East, institutional investors continue to pour money into Bitcoin ETFs, with 10 consecutive days of positive inflows. Amid geopolitical uncertainty, confidence in Bitcoin remains strong.
Traditional markets nervous… but Bitcoin ETFs in good shape
Since mid-June 2025, clashes have intensified in the Middle East, particularly between Israel and Iran, against the backdrop of US intervention. Equity, bond and commodity markets have begun to decline, with the MSCI World ETF, which tracks the performance of developed markets worldwide, showing moderate volatility over the past two weeks.
However, according to data from Ecoinometrics, Bitcoin ETFs have escaped investor fears and recorded ten consecutive days of net inflows. While this is not a record—the record is 19 days—it is still a first in the midst of geopolitical turmoil.
Institutional demand for Bitcoin is not wavering. This streak remains intact, paving the way for Bitcoin’s upside potential.
Ecoinometrics
How can this be explained, given that Bitcoin, after reaching an all-time high of $111,970 on May 22, began a technical correction this month, with a notable drop to $99,237 on June 22? Bitcoin ETF investors appear to be holders, not mere traders. Regardless of the price, they continue to accumulate. This also seems to be the opinion of Eric Balchunas, an analyst at Bloomberg:
In short, they are taking advantage of market downturns to accumulate, and do not have the speculative attitude of short-term players.
Investors still believe in upside potential
In early May, Geoffrey Kendrick, head of digital assets at Standard Chartered, predicted that Bitcoin would reach $120,000 by July 2025. He has just sarcastically revised his forecast in a note to clients: “I apologize, my target of $120,000 for the second quarter of the year may be too low.” As a result, the price of Bitcoin has risen in recent days to around $107,000 today, less than 5% off its record high of $111,000.
According to him, the momentum is now being driven by actual buying and selling, and no longer just by macroeconomic trends, politics or speculation. This is a sign of market maturity… which may eventually attract the general public, at a time when it is mainly institutional investors who are investing heavily in Bitcoin.
As a reminder, Bitcoin ETFs now hold more than 1.2 million BTC, worth approximately $133 billion, representing 6% of the total supply of the Bitcoin network. BlackRock dominates the market with more than 52% of shares, followed by Fidelity, Bitwise and VanEck.
