[JPMorgan: Bitcoin ETFs Become the New Favorite for Risk Aversion Demand Amid Escalating Iran Tensions] According to a report by Golden Finance, JPMorgan data shows that since the escalation of tensions in Iran at the end of February, global assets have been 'voting with their feet.' Traditional safe-haven Gold ETFs (GLD) experienced a 2.7% outflow of funds, while Bitcoin ETFs (IBIT) attracted 1.5% of inflows against the trend. Analysts point out that deeper institutional holdings are suppressing Bitcoin's volatility, while the options market indicates rising hedging demand. Although gold briefly took the lead at the end of last year, this round of fund divergence may signify that the 'digital gold' narrative is being validated with real money.