Bitcoin ETFs Experience $1.1 Billion in Net Inflows Amid Geopolitical Tensions
- Bitcoin ETFs recorded over $1.1 billion in net inflows within three days following the onset of the Iran conflict.
- The inflows included $683 million this week alone, marking two consecutive weeks of positive net flows after five weeks of losses.
- On March 4, Bitcoin ETFs received $461.77 million in total inflows, with BlackRock’s IBIT leading at $306.60 million.
- BlackRock accumulated approximately 21,814 BTC since February, with a single-day net inflow of about $303 million on March 4.
- The current Bitcoin price stands at $71,189, reflecting a roughly 20% increase from its February cycle low.
The recent surge in Bitcoin ETF inflows indicates a potential return of institutional demand amid rising geopolitical tensions, as evidenced by significant activity from major funds like BlackRock.
With Bitcoin’s price climbing over $70,000 and experiencing a notable rebound, the market is seeing renewed institutional interest reflected in these substantial ETF inflows.(Source)
