Bitcoin steadies near $68,000 as ETF inflows top $458M
Bitcoin traded near $68,000 on Tuesday as US spot exchange-traded funds (ETFs) recorded one of the strongest inflow days of the quarter on Monday, signaling that institutional investors may be viewing recent volatility as manageable rather than systemic. According to data curated by SoSoValue, US spot bitcoin ETFs attracted $458 million in inflows on March 2, even as geopolitical tensions linked to the ongoing conflict with Iran continued to unsettle broader markets. ETF inflows signal contained volatility The robust inflows come after a period of heightened volatility over the weekend, when headlines surrounding the Middle East conflict triggered roughly $300 million in long liquidations. Singapore-based trading firm QCP Capital said in a recent note that the liquidations were “notable but...
