- BlackRock’s iShares Bitcoin Belief (IBIT) recorded inflows of about 1.5% of property because the Iran battle started on Feb. 27, whereas SPDR Gold Shares (GLD) shed roughly 2.7% in outflows.
- US spot Bitcoin ETFs attracted roughly US$1.1 billion in web inflows throughout three buying and selling periods from March 2–4, led by BlackRock’s US$306.60 million contribution.
- JPMorgan reiterated a long-term Bitcoin worth goal of US$266,000, noting that Bitcoin’s declining volatility relative to gold indicators rising institutional maturity.
In an attention-grabbing twist, traders at the moment are shifting from gold funds into US spot Bitcoin exchange-traded funds because the Iran battle escalated, reversing a pattern from late 2025 and marking the clearest safe-haven rebalancing since spot Bitcoin ETFs launched in 2024.
Nicely, not less than in accordance with JPMorgan, who mentioned that BlackRock’s iShares Bitcoin Belief (IBIT) gained about 1.5% of property over the interval, whereas SPDR Gold Shares (GLD), the biggest spot gold ETF, misplaced about 2.7%.
Needless to say, since launch, cumulative inflows into IBIT at the moment are roughly double GLD’s over the identical timeframe.
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ETF Flows Reverse Prior Pattern
That shift adopted months wherein retail traders had been shifting out of Bitcoin and into gold. By means of the fourth quarter of 2025, IBIT recorded notable outflows whereas GLD attracted recent capital.
Bearish positioning in IBIT additionally rose, with brief curiosity rising and its put-to-call ratio shifting above GLD’s from November 2025.
The reversal grew to become clear in early March. US spot Bitcoin ETFs drew about US$1.1 billion (AU$1.56 billion) in web inflows throughout three buying and selling periods from March 2 to March 4.
IBIT led with US$306.60 million (AU$430 million), adopted by Grayscale merchandise with US$54 million (AU$79 million), Constancy’s FBTC with US$48 million (AU$68 million), and ARK 21Shares’ ARKB with US$14.60 million (AU$20.3 million).
Glassnode described the transfer because the strongest demand impulse since Bitcoin’s correction started, although it mentioned broader accumulation nonetheless appeared tentative, with short-term holders persevering with to grasp losses.
Gold has continued to rise in worth regardless of the ETF outflows, reaching US$5,400 per ounce (AU$7.6K) for a seventh straight month-to-month acquire, its longest run since 1973.
Bitcoin traded in a variety between US$62,800 (AU$87K) and US$72,600 (AU$101K) after an preliminary 3.8% drop briefly pushed it beneath US$64,000 (AU$97,920). It later rose above US$68,200 (AU$96K) after affirmation of Ayatollah Ali Khamenei’s dying.
JPMorgan saved its long-term Bitcoin worth goal at US$266,000 (AU$406,980) and mentioned GLD’s options-implied volatility now exceeds IBIT’s, a change it views as one other signal of Bitcoin’s rising institutional maturity.
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