JPMorgan Sees ETF Flows Split as Bitcoin Gains and Gold Loses Since Iran Conflict Escalated on Feb. 27

Since the Iran conflict intensified on Feb. 27, JPMorgan analysts report that SPDR Gold Shares has seen outflows of about 2.7% of its assets, while BlackRock's iShares Bitcoin Trust has attracted inflows of roughly 1.5%. Bitcoin is trading above $70,000 as spot BTC ETFs draw capital away from gold, even as derivatives positioning and rising short interest signal more cautious institutional sentiment.

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