Bitcoin ETFs See ₱59.74 billion ($1 billion) Inflows as Mideast Tensions Ease
Easing Middle East tensions drove ₱59.74 billion ($1 billion) in net inflows to US spot Bitcoin ETFs over the past trading week, with institutional demand pushing BlackRock's IBIT to ₱16.91 billion ($283 million) in single-day flows on Friday.
Key Takeaway
Bitcoin ETFs flipped bullish in March — $1 billion weekly inflows signal institutions see value below $80,000.
BlackRock's iShares Bitcoin Trust led Friday's rally with ₱16.91 billion ($283 million) in net inflows, while Fidelity Wise Origin Bitcoin Fund pulled $163.42 million and Ark 21Shares Bitcoin ETF added $117.9 million on the same day, according to SoSoValue data. The week's total reached $996.38 million, marking the second straight week of capital inflows after the previous week's $786.31 million.
Middle East tensions cooling drove the bullish momentum, analyst Darkfost said. The on-chain analyst noted that ETF inflows have dominated since March, reversing months of outflows that marked early 2026. BTC exchange-traded fund trading volumes hit $4.7 billion against $6.2 billion in spot market volumes, showing institutional appetite remains strong.
Bitcoin traded at $75,664 at press time, down 2% in 24 hours but still well below the average cost basis of ETF holdings at $82,247. That gap suggests institutions bought heavily during Bitcoin's higher range and now sit on unrealized losses. The four consecutive days of inflows starting Tuesday — with $411.5 million, followed by Wednesday's $186 million, and Thursday's unspecified gains — reflect confidence that current levels offer value.
US spot Bitcoin ETFs have accumulated roughly 1.3 million BTC since launching in January 2024, equivalent to 7% of Bitcoin's total circulating supply. Grayscale Bitcoin Trust remains the largest holder at $19.21 billion in assets under management, though it saw no net change Friday as capital flowed into newer, lower-fee products.
This article was written based on reporting from Bitcoinist.
