US Attack on Iran Sparks 60% Oil Spike, Forces $619M Net Outflow From Bitcoin ETFs
Key Takeaways
- Oil prices surged 60% after the US attack on Iran, settling near $102.
- Bitcoin ETFs recorded $1.44B inflows through the first three days of the week.
- Investors withdrew $829M before Friday, leaving a net weekly Bitcoin ETF inflow of $619M.
Oil spike after attack
US military action against Iran triggered an extraordinary short-term surge in oil prices, with crude spiking about 60% before retreating to roughly $102 a barrel, according to market reports tying the volatility directly to the strike.
“Bitcoin ETFs had a tale-of-two-halves kind of week”
Cryptonews highlights that this oil spike unfolded immediately after the US attack, and that the sharp move in energy prices cascaded into broader market jitters that affected risk assets globally.
Crypto inflows noted
Crypto markets responded sharply: CoinShares’ weekly report, cited by Cryptonews, shows an early-week surge of capital into crypto that coincided with the US strike, with Bitcoin leading inflows at $521 million while Ethereum and Solana also drew meaningful sums.
The same report noted that XRP was the notable exception, showing outflows even as other major tokens attracted fresh money.
Bitcoin price swings
Price movements matched the flow data: Bitcoin rallied almost 11% from $66,356 to $73,648 between March 1 and 5 as the initial capital flood pushed markets higher, but then reversed sharply — dropping about 8% to settle near $67,777 after the mid-week peak.
“Bitcoin ETFs had a tale-of-two-halves kind of week”
Cryptonews frames this sequence as a classic "fast money in, fast money out" dynamic rather than a shift in long-term investor conviction.
Data discrepancy noted
The specific figure of $619 million in net outflows from Bitcoin ETFs mentioned in the request does not appear in the provided Cryptonews excerpt, which instead reports $521 million of inflows into Bitcoin and broader capital movements tied to the US strike;
Based on the material supplied, that $619 million claim cannot be corroborated and represents a discrepancy that requires additional sources for verification.