Bitcoin traded near $68,000 on Tuesday, with U.S. spot ETFs pulling in $458 million, one of the strongest days of capital inflows this quarter despite the ongoing conflict with Iran, according to data compiled by SoSoValue.
The inflows suggest that institutional investors view Bitcoin’s recent war-related volatility as limited rather than systemic.
Singapore-based trading firm QCP Capital said in a recent report that long liquidations of about $300 million triggered by weekend headlines were “noticeable but contained,” arguing that positioning had been significantly reduced in recent weeks.
QCP wrote that the options market told a similar story, with one-day implied volatility briefly surging to 93% before quickly falling back, suggesting traders were hedging event risk rather than preparing for longer-term escalations.
At the same time, according to SoSoValue data previously reported by CoinDesk, U.S. spot Bitcoin ETFs increased by $1.1 billion for three consecutive trading days last week, of which BlackRock’s IBIT accounted for about half.
