US Bitcoin ETFs See $412M Inflows Despite Geopolitical Tensions
- US spot Bitcoin exchange-traded funds (ETFs) recorded $412.2 million in net inflows on Monday.
- The inflow streak has lasted six days, with total cumulative inflows reaching $46.04 billion.
- Total net assets across all US Bitcoin ETFs now stand at $132.5 billion, representing about 6.13% of Bitcoin’s total market cap.
- BlackRock’s IBIT led with significant contributions, followed by Fidelity’s FBTC and Grayscale’s GBTC.
- Despite geopolitical tensions between Israel and Iran, institutions are focusing on long-term positioning in Bitcoin ETFs.
The sustained inflows into US Bitcoin ETFs reflect a growing trust in the cryptocurrency as a resilient asset amid global uncertainties, including geopolitical tensions between Israel and Iran.
Monday’s net inflow of $412 .2 million underscores continued institutional interest in BTC as a hedge against macroeconomic shifts, despite recent market volatility triggered by geopolitical events.(Source)
