Bitcoin traded near $68,000 Tuesday as U.S. spot ETFs pulled in $458 million. This marks one of the quarter's strongest inflow days, suggesting institutional investors view recent volatility, stemming from the conflict with Iran, as contained.
Options markets showed a brief spike in implied volatility before retracing, a sign of hedging rather than sustained concern. This follows a strong previous week where U.S. spot bitcoin ETFs added $1.1 billion over three sessions, with BlackRock’s IBIT leading the way.