US Bitcoin ETFs See $458M Inflows Amid Tensions

U.S. spot Bitcoin exchange-traded funds recorded $458.2 million in net inflows on Monday, marking a strong start to the trading week and contributing to a roughly 3 percent rise in Bitcoin's price to around $67,052. The activity occurred amid escalating geopolitical tensions in the Middle East, including recent U.S. and Israeli airstrikes on Iran, yet investors appeared undeterred, boosting trading volume to $5.8 billion, the highest level since early February.

The inflows extended a rebound from the previous week, when Bitcoin funds saw $787.3 million in net additions, pushing cumulative inflows across these products to $55.3 billion since their launch in January 2024, according to data from SoSoValue and Farside Investors. BlackRock's iShares Bitcoin Trust led the pack with $264 million in inflows, followed by Fidelity's Wise Origin Bitcoin Fund at $95 million and Bitwise's Bitcoin ETF at $36 million. Other major issuers, including Grayscale and ARK 21Shares, also reported positive weekly flows, though daily figures showed some mixed results.

Altcoin-focused funds joined the momentum on a smaller scale. Ether exchange-traded funds attracted $39 million, helping the asset hold...