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Bitcoin ETFs have erased a $5.8 billion hole
CoinDesk • • business
Key Points:
- U.S.-listed spot bitcoin ETFs have attracted nearly $800 million in net inflows for the year, marking a significant turnaround from being down $5.8 billion in mid-July.
- The inflow surge coincides with bitcoin's price recovery from under $58,000 in early June to around $85,000, prompting some analysts to suggest a new bull run is underway.
- Approximately $4 billion of the inflows occurred following U.S. Treasury Secretary Scott Bessent’s August announcement of increased bond purchases to manage liquidity amid rising bond yields.
- Despite recent gains, the $800 million net inflows remain modest compared to $35.2 billion in 2024 and $21.4 billion in 2025, indicating more growth is needed for sustained bullish momentum.
- These ETFs have experienced six consecutive days of inflows, even as bitcoin’s price has plateaued above $85,000 since Tuesday.
