Bitcoin Price Slides as Institutional Investors Exit ETFs Amid Iran Conflict Fears
The Bitcoin market saw significant volatility on Thursday as institutional investors pulled $225.2 million out of U.S. spot Bitcoin ETFs, ending a seven-day inflow streak.
This sudden reversal interrupted strong momentum that had attracted nearly $1 billion in fresh capital during the previous seven trading sessions.
The decline in ETF demand coincided with growing anxiety across broader financial markets due to the ongoing military conflict between the United States and Iran, which has now stretched into a fifth month.
Rising oil prices continued fueling inflation concerns, further pressuring Bitcoin prices.