Bitcoin climbs as BTC ETFs post one of the quarter’s biggest inflow days amid Iran volatility

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coindesk
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3 hours ago


What to know : Bitcoin traded near $68,000 on Tuesday as U.S. spot bitcoin ETFs drew about $458 million in one of the quarter’s strongest inflow days despite tensions with Iran. The inflows and options activity suggest institutional investors view the recent war-driven volatility as contained rather than a systemic threat to bitcoin markets. U.S. spot bitcoin ETFs added roughly $1.1 billion over three sessions last week, with BlackRock’s IBIT fund accounting for about half of those inflows.

Bitcoin traded near $68,000 on Tuesday as U.S. spot ETFs pulled in $458 million, according to data curated by SoSoValue, marking one of the quarter’s strongest inflow days despite the ongoing conflict with Iran.

The inflows suggest institutional investors are treating bitcoin's recent volatility stemming from the war as contained rather than systemic.

Singapore-based trading firm QCP Capital said in a recent note that the roughly $300 million in long liquidations triggered by the weekend headlines were “notable but contained,” arguing that positioning had already been materially lightened in recent weeks.

Options markets told a similar story, QCP wrote, with one-day implied volatility briefly spiking to 93% before quickly retracing, a sign traders were hedging event risk rather than bracing for prolonged escalation.

Meanwhile, U.S. spot bitcoin ETFs added $1.1 billion over three consecutive sessions last week, according to SoSoValue data previously reported by CoinDesk, with BlackRock’s IBIT accounting for roughly half.


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