Institutional investors poured $603 million into Bitcoin ETFs in a single day, as escalating U.S.-Iran tensions-including the seizure of an Iranian vessel and closure of the Strait of Hormuz-reinforce Bitcoin’s reputation as digital gold. Ethereum ETFs added $99 million in net inflows on the same day, though a $136 million outflow over the past week points to mixed sentiment.
Solana ETFs, by contrast, saw net outflows of $1 million daily and $1.9 million weekly, signaling waning demand. Analysts say the pattern supports a bearish outlook for Solana prices in May.
Key event to watch: Further developments in the Middle East crisis and any statements from figures like Vitalik Buterin or Elon Musk will sway market direction. Moves by asset managers such as BlackRock remain high-impact signals.