Bitcoin ETF inflows top $1 billion in three days as analysts revive ‘safe haven’ narrative
Summary
Spot Bitcoin ETFs attracted approximately $1.1 billion in net inflows across three trading sessions (March 2-4), pushing Bitcoin toward the mid-$70,000 range despite Middle East tensions. This surge follows weeks of prior outflows. Analysts suggest this renewed institutional demand, coinciding with Bitcoin's price rally past $74,000, indicates that institutional allocators are increasingly viewing Bitcoin as a hedge against geopolitical stress or inflation risk, contrasting with its traditional classification as a risk asset. While macro uncertainty remains, Bitcoin has held up better than traditional markets like equities and the U.S. dollar during recent escalations, strengthening the argument that the asset is regaining its safe-haven status, provided ETF inflows continue.
(Source:The Block)