Overview
- Since the Iran conflict began, investors pulled roughly 2.7% of GLD’s assets while IBIT gathered about 1.5% of assets, according to JPMorgan.
- On March 6, GLD logged a $3 billion single-day outflow, more than double any daily exit over the prior two years, The Kobeissi Letter reported.
- Across the 30 days to March 11, U.S. spot Bitcoin ETFs recorded $906 million in net inflows, lifting aggregate ETF holdings to a positive 12,909 BTC from a prior 34,197 BTC deficit.
- JPMorgan notes a sharp reversal of the October–early 2026 rotation into gold, with shifts in short interest and put-to-call ratios indicating renewed appetite for crypto exposure.
- Analysts highlight compressing Bitcoin volatility and a smaller rise in IBIT’s implied volatility than GLD’s, while U.S. spot Bitcoin ETFs still account for roughly 9% of total BTC spot volume.