US spot Bitcoin ETFs saw strong inflows of $458.2 million on Monday, extending a rebound with total cumulative net inflows reaching $55.3 billion. The inflows came as Bitcoin’s price rose about 3% and trading volume hit its highest level since early February, with analysts citing strong spot buying and improved investor sentiment despite escalating Middle East tensions.
US spot Bitcoin exchange-traded funds recorded $458.2 million of inflows on Monday, extending last week’s $787.3 million in net inflows according to data from SoSoValue. The latest gains pushed cumulative net inflows to $55.3 billion, with trading volume climbing to about $5.8 billion.
The inflows coincided with Bitcoin rising about 3% on Monday according to CoinGecko data. Analysts cited strong spot buying from US investors, while some industry observers pointed to improving sentiment in spite of the geopolitical risks.
Among Bitcoin funds, BlackRock’s iShares Bitcoin Trust led with $264 million in inflows according to Farside data. Fidelity’s Wise Origin Bitcoin Fund followed with about $95 million, and Bitwise’s Bitcoin ETF added $36 million.
Altcoin ETFs also shared positive momentum on a smaller scale. Ether funds drew about $39 million, while Solana and XRP products recorded $17 million and $7 million in inflows, respectively.
Samson Mow, CEO of Jan3, noted that Bitcoin held steady through the weekend despite rising uncertainty over strikes on Iran. “There was downward pressure but we just bounced back up each time,” Mow said, adding “It definitely feels different than from previous months.”
Analysts at CryptoQuant shared a similar perspective, saying Bitcoin’s short-term holders “aren’t blinking” yet amid the Iran escalation. “The sell-side pressure from recent buyers is fading. Panic is being replaced by patience, or at least exhaustion,” the analysts said.
VanEck CEO Jan van Eck added to the optimism, saying in a Monday interview with CNBC that Bitcoin is approaching a bottom. He noted that the four-year halving cycle has been a key driver of price over the past few months.
On Monday, JPMorgan reportedly said that rising Iran tensions are a buying opportunity, not a reason to exit stocks. Analyst Mislav Matejka said the “current geopolitical escalation should ultimately be an opportunity to add, as fundamentals are positive,” even as markets brace for volatility.
