Fuck yeah it is.

"These ETF flows suggest this isn’t just a short squeeze," said Nic Puckrin, co-founder of Coin Bureau.

"They point to institutional allocators treating bitcoin as a geopolitical crisis hedge, or potentially even as a hedge against future inflation."


https://finance.yahoo.com/news/bitcoin-tops-73000-as-etf-inflows-point-to-geopolitical-crisis-hedge-171838788.html