Bitcoin traded near $68,000 on Tuesday as U.S. spot ETFs brought in $458 million, according to data curated by SoSoValue, marking one of the strongest inflow days of the quarter despite the ongoing conflict with Iran.
These inflows suggest that institutional investors are treating bitcoin’s recent volatility resulting from the war as contained rather than systemic.
Singapore-based trading firm QCP Capital said in a recent note that long-term liquidations of around $300 million triggered by weekend headlines were “notable but contained”, arguing that positioning had already been noticeably lightened in recent weeks.
Options markets told a similar story, QCP wrote, with one-day implied volatility briefly reaching 93% before quickly retracing, a sign that traders were hedging event risk rather than preparing for a prolonged climb.
Meanwhile, U.S. spot Bitcoin ETFs added $1.1 billion in three straight sessions last week, according to SoSoValue data previously reported by CoinDesk, with BlackRock’s IBIT accounting for about half.
