Bitcoin (CRYPTO: BTC) is down more than 2% Wednesday after President Donald Trump declared the Iran ceasefire "over" and called negotiations a "waste of time," threatening to reverse a three-day ETF inflow streak.
Three Days of ETF Inflows Just Got Hit By A Geopolitical Shock U.S. spot Bitcoin ETFs recorded $21.44 million in net inflows on July 7, following $265.69 million on July 6 and $221.72 million on July 2.
That three-day streak was the first since May 4-6, breaking an outflow run that had drained more than $8.6 billion from the funds.
Bitcoin was up 6% month-to-date heading into Wednesday before the Iran headlines hit.
Trump addressed NATO leaders Wednesday saying the ceasefire is over after the US Central Command struck more than 60 Iranian Revolutionary Guard boats to protect international shipping, with Iran retaliating against Kuwait and Bahrain.
