On a day when missiles lit up Middle Eastern skies and risk assets trembled, Bitcoin’s ETF flow still printed green. Friday saw a +62.7 million USD net inflow across major spot ETFs, a surprisingly steady vote of confidence considering the macro backdrop. While not explosive like Tuesday’s 431 million surge, the number is quietly resilient. Institutions aren’t piling in, but they’re not backing off either.
In normal times, that would be neutral. In wartime conditions, it reads more like stubborn optimism. Not capital fleeing into BTC as a hedge, but capital refusing to leave. Risk-off sentiment swept equities, yet flows into Bitcoin ETFs stayed on. No panic. No exodus. Just quiet accumulation.
It’s not a bull signal, but it’s not a retreat. And that, in this context, might be the loudest statement of all.
