Bitcoin ETFs Pull In $167M Monday Amid Conflicting War Reports

Key Insights:

• Bitcoin ETFs post net inflows of $167.23 million on Monday as Bitcoin price rises after Trump pauses plan to strike Iran’s power infrastructure.
• Iran denied Trump’s claims of having discussions about ending hostilities, CNBC reported. Notably, the spike in the US 10-year T-bill yield to 4.4% pressured Trump enough to postpone the strikes
• Crypto ETFs did not show strong activity on Monday, with only BTC and Ethereum spot ETFs reporting non-zero flows. BTC sustained above $70,000 as of Tuesday’s pre-market session.

US Bitcoin spot exchange-traded funds (ETFs) posted net inflows of $167.23 million on March 23rd, with BlackRock (NASDAQ: IBIT) leading with a $160 million scoop, SoSoValue data shows. Meanwhile, BTC’s price rose 4.45% above Sunday’s closing price.

President Donald Trump announced yesterday that planned strikes on Iran’s power plants were postponed following productive talks. However, Iran categorically denied having contacted the US camp.

Bitcoin ETFs Break 3-day Net Outflow Streak

Week number three saw Bitcoin ETFs post three consecutive days of net outflows amid reports of intensifying conflict between Iran and the US-Israel coalition. However, on Monday, US institutions reflected a return to confidence, posting net inflows.

Two BTC ETFs posted inflows, including IBIT and Fidelity (CBOE: FBTC); FBTC posted $41.7 million in inflows. Meanwhile, two funds posted outflows: Grayscale (NYSE: GBTC), which shed $25.87 million, and Ark 21Shares (CBOE: ARKB), which recorded $9.41 million in outflows.

So far in March, BTC ETFs have scooped up $1.6 billion, with the month showing only five days of net outflows in 16 sessions.

Additionally, Strategy announced the acquisition of 1,031 BTC for $76.6 million. The Bitcoin treasury company also announced two at-the-market (ATM) programs for $MSTR and $STRC, each with $21 billion.

Bitcoin ETFs hold roughly 6.14% of the total BTC supply, with IBIT accounting for the biggest share — 3.93%. Meanwhile, Strategy, the largest BTC treasury company, holds around 3.63% of the total supply, according to data from Bitcoin Treasuries.

Bitcoin was designed with a fixed supply of 21 million BTC. As of March 24th, just over 20 million BTC have been mined.

Crypto ETFs Show Tepid Flows as Iran War Crosses 24 Days

Ethereum spot ETFs posted net outflows of $16.18 million yesterday, with BlackRock (NASDAQ: ETHA) marking the biggest outflow ($15.68 million). Other altcoin spot ETFs reported zero flows for Monday.

The intensifying conflict pushed the US 10-year Treasury bill’s yield closer to 4.5%, spooking global markets. This yield is considered the safest risk-free interest rate benchmark globally. Reportedly, the rise in the benchmark rate pressured Trump to ease up on the Iran campaign.

Iran had warned that in the event its energy infrastructure is struck, it would retaliate aggressively by attacking entities that buy US treasuries.

BTC price climbed back above $70,000 on Monday after Trump announced the pause. Notably, despite the Iranian side categorically denying Trump’s claims about talks, BTC held up above $70,000.

At press time, Bitcoin was trading at $71,207, reflecting a 0.5% rise above Monday’s closing price ($70,883), TradingView data shows.

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