Bitcoin exchange-traded funds (ETFs) have experienced a surge, attracting more than $1.1 billion in net investments just days after the onset of the conflict in Iran. According to data provided by Glassnode, this influx marks a significant turnaround following several weeks of steady withdrawals from U.S.-based spot funds.
Experts suggest that this renewed interest coincided with Bitcoin surpassing the $70,000 mark, prompting institutional investors to cautiously increase their holdings amid escalating geopolitical uncertainties.