Institutional Re-Accumulation Signs Emerge as Bitcoin ETFs See $1.1B Net Inflows Since Iran War Began: Glassnode

Bitcoin ETFs have drawn over $1.1 billion in net inflows within days after the Iran conflict started. Data from Glassnode shows the reversal followed weeks of persistent outflows across U.S. spot funds. Analysts say the flows emerged as Bitcoin reclaimed $70,000 and institutions cautiously resumed accumulation during rising geopolitical tensions.

Bitcoin ETFs Flows Stabilize After Weeks of Outflows

Glassnode data shows that Bitcoin ETFs recently shifted from steady outflows toward positive net flows. The firm noted the 14-day netflow trend has now turned upward. According to the firm, the change reduces distribution pressure as Bitcoin moved above $70,000.

Source: Glassnode

The data suggests early institutional accumulation may be returning after recent selling pressure. However, Glassnode described the demand as “tentative” rather than aggressive. The firm stated that signs of institutional re-accumulation have begun to emerge.

According to the SosoValue report, Bitcoin ETFs recorded two consecutive weeks of net inflows after five weeks of losses. The platform reported $683 million in inflows this week and over $1.1 billion during the past three days.

Institutional Demand Led by BlackRock 

Daily flows further show the renewed activity among large funds. On March 4 alone, Bitcoin ETFs received $461.77 million in total inflows. There is strong activity across several major ETF issuers. BlackRock’s IBIT led the inflows with $306.60 million yesterday.

Grayscale funds added $54.10 million, while Fidelity’s FBTC attracted $48 million. ARK 21Shares’ ARKB followed with $14.60 million in new capital. On Tuesday, after Bitcoin ETFs saw $458M in inflows, VanEck CEO predicted a gradual BTC rally in 2026. This is due to the current BTC surge being partly driven by ETFs.

Lookonchain also tracked continued accumulation by BlackRock during the period. The analytics platform reported a net inflow of 4,172 BTC, valued at nearly $303 million, in one day. Since February 24, BlackRock has accumulated about 21,814 BTC.

Market Rebound Linked to ETF Inflows

According to CryptoQuant, several hundred million dollars entered U.S. spot funds during early March. The firm noted that these inflows directly supported spot demand in the market. They stated that this activity highlighted renewed institutional participation. Currently, the BTC price is at $71,189, up roughly 20% from its February 6 cycle low.

Bloomberg ETF analyst Eric Balchunas also commented on recent ETF behavior. He noted that ten of the eleven Bitcoin ETFs recorded inflows on the same day. Balchunas added that the year-to-date deficit for ETF flows has nearly closed.

Balchunas observed unusual market performance between Bitcoin and gold. Since the Iran strike, Bitcoin has gained roughly 12%, while gold declined. However, he cautioned against drawing long-term conclusions from short-term price movements.

Market commentator Ash Crypto also noted the change in price action. He noted that gold initially rose about 4% to $5,400 after the conflict began. Meanwhile, Bitcoin dropped roughly 8% to $63,000. However, the trend later reversed. Ash Crypto reported that Bitcoin climbed 13.77% afterward, while gold declined around 8%.