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Spot Bitcoin ETF sees over $1.1 billion in net inflows over three days, analysts say the "safe-haven asset" narrative is returning

GateNews
bitcoin newsPrice VolatilityCapital FlowGlobal MarketsGeopolitics
Source: 深潮TechFlow
BTC-2,96%

BlockBeats News, March 5 — Spot Bitcoin ETF capital inflows have significantly rebounded. Data shows that from March 2 to March 4, a total of approximately $1.1 billion flowed into spot Bitcoin ETFs, with about $462 million on March 4 alone. The iShares Bitcoin Trust (IBIT) under BlackRock led with around $307 million.

The capital inflow also pushed Bitcoin prices higher, reaching a high of $74,000. It is currently above $73,000, with a weekly increase of about 6%.

Analysts point out that amid geopolitical tensions in the Strait of Hormuz and increasing macroeconomic uncertainties, institutional investors may once again view Bitcoin as a hedge against geopolitical risks. Some market observers believe that if ETF net inflows continue, the narrative of Bitcoin as a “safe-haven asset” could be further strengthened.

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