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U.S. spot $BTC ETFs just ended a record 13-day streak of outflows.
On Wednesday, they saw small net inflows of $2.69 million.
Bitcoin ETFs have seen about $4.4 billion flow out since mid-May. Wednesday’s inflows are the first positive day for them in nearly two weeks, even as these bigger economic worries continue.
$ETH ETFs also ended their 17-day losing streak with $19 million in gains.
Analysts say the overall pressure on crypto prices right now comes from higher Treasury yields and a stronger U.S. dollar. These are tied to tensions in the Middle East that have pushed oil prices up and kept inflation expectations high.