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U.S. BTC ETFs attracted $458 million, indicating that institutional investors are absorbing the temporary fluctuations that briefly pushed BTC to $63,000.
Key points:
- On Tuesday, Bitcoin hovered around $68,000 as U.S. spot bitcoin ETFs garnered approximately $458 million during one of the quarter’s most significant inflow days, despite the ongoing tensions with Iran.
- The inflows and options market activity indicate that institutional investors perceive the recent volatility driven by the conflict as manageable rather than a systemic risk to bitcoin markets.
- U.S. spot bitcoin ETFs accumulated about $1.1 billion over three trading sessions last week, with BlackRock’s IBIT fund representing roughly half of those inflows.
On Tuesday, Bitcoin was trading near $68,000 as U.S. spot ETFs attracted $458 million, based on data compiled by SoSoValue, marking one of the strongest inflow days of the quarter despite the continuing conflict with Iran.
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The inflows indicate that institutional investors are regarding bitcoin’s recent fluctuations related to the war as manageable rather than systemic in nature.
QCP Capital, a trading firm based in Singapore, noted in a recent communication that the approximately $300 million in long liquidations triggered by weekend developments were “notable but contained,” suggesting that positioning had already been significantly reduced in previous weeks.
Options market trends reflected a similar sentiment, QCP mentioned, with one-day implied volatility momentarily surging to 93% before swiftly retracting, indicating that traders were hedging against event risk rather than preparing for extended escalation.
Additionally, U.S. spot bitcoin ETFs amassed $1.1 billion across three consecutive sessions last week, according to previously reported SoSoValue data by CoinDesk, with BlackRock’s IBIT accounting for about half of the total.
