$1.06 Billion in Institutional Inflows to Crypto ETFs Amid Geopolitical Tensions
- Digital asset investment products saw inflows of $1.06 billion last week.
- This marks the third consecutive week of inflows, totaling $140 billion since the crisis in Iran began.
- Bitcoin received $793 million, comprising 75% of total inflows, while Ethereum attracted $315 million.
- The US accounted for $1.02 billion (96%) of these inflows, with Canada and Switzerland following.
The ongoing geopolitical instability has positioned digital assets like Bitcoin as a safe haven for investors. As Bitcoin’s price surged from below $66,000 to over $76,000 recently, Ethereum also experienced significant gains, climbing to nearly $2,400.
Overall, the strong inflow trend highlights growing institutional confidence in cryptocurrencies during times of crisis. With Bitcoin currently trading at $70,696 and Ethereum at $2,173, this momentum appears set to continue. (Source)
