Tensions Peak, Institutions Are Actually Buying Billions of Dollars in Crypto
Amid the escalating geopolitical tensions between Israel and Iran that are shaking global markets, Bitcoin has become a hot commodity for financial giants. Even though BTC plummeted 5.5% to US$103,000 in the past week, major institutions are entering aggressively.
On-chain data from Lookonchain reveals that inflows to Bitcoin ETFs reached 12,662 BTC, worth US$1.35 billion, dominated by BlackRock's iShares with 10,337 BTC. Ethereum is also not far behind, with its ETF absorbing 191,057 ETH worth half a billion dollars, also purchased by iShares.
A surprising move came from MicroStrategy (MSTR), which bought 10,100 BTC worth US$1.05 billion in a single day. Metaplanet and SharpLink are also in the race, accumulating hundreds of millions of dollars in BTC and ETH. Even whales are quietly gathering tens of thousands of ETH.
Stablecoins have also grown by US$1.27 billion, led by the Tron and Ethereum networks. Amidst the dark market sentiment, these institutional moves seem to signal strongly: crypto remains the top choice as a hedge against global storms.