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According to Cointelegraph, crypto exchange-traded products (ETPs) recorded $1.06 billion in inflows last week. Bitcoin led with $793 million in new capital. Ethereum followed with $315.3 million. The data comes from a Monday report by asset manager CoinShares.

The three-week run has brought total inflows to $2.7 billion. Net inflows for the year now stand at approximately $1.2 billion. US spot Bitcoin ETFs posted their first five-day inflow streak of 2026, attracting $767.3 million. Despite the recent run, those same ETFs remain around $493 million in net outflows for the year.

XRP products suffered a second consecutive week of outflows, shedding $76 million. Solana funds attracted a smaller $9.1 million. Short-Bitcoin products drew $8.1 million, a sign that bearish positions have not fully disappeared from the market.

CoinShares head of research James Butterfill said this momentum shows that Bitcoin is behaving as a "relative safe haven" against other asset classes. Since the onset of the Iran conflict, total assets under management in digital asset ETPs have risen 9.4% to nearly $140 billion.

Butterfill also pointed to the US launch of new staking ETF listings as a driver of Ethereum's momentum. Those listings brought Ethereum's year-to-date flows close to a net neutral position, erasing much of the earlier deficit.

We previously analyzed 100 reasons why Bitcoin is gaining traction as a national reserve asset. The current geopolitical climate is now producing real-time data that aligns with that institutional case.

CoinDesk reports that Bitcoin has outperformed gold, the S&P 500, and Asian equities over the two weeks since the Iran conflict began. Bitcoin initially fell 8.5% when the war started on a Saturday. It has since risen about 11% from those lows, forming a rising floor between roughly $64,000 and $70,000.

The pattern has prompted renewed debate about Bitcoin's role in portfolios. The asset is not acting as a traditional safe haven but is absorbing geopolitical shocks faster than other markets, CoinDesk noted.

Not all analysts agree. Marketplace reported that Gil Luria, head of technology research at D.A. Davidson, argues investors still do not broadly view Bitcoin as a crisis refuge. When news first broke of the US strikes on Iran, gold surged while Bitcoin did not see the same immediate flight to safety.

The short-Bitcoin inflows of $8.1 million last week reinforce that point. Market opinion remains divided, even as three consecutive weeks of inflows continue to build the case for institutional resilience in digital assets.