U.S. spot Bitcoin ETFs have recorded net inflows for eight consecutive trading days, accumulating $2.8 billion in total. As funds continue to flow back in, Bitcoin rose to $80,475 before pulling back to around $79,520, indicating stronger price momentum while the market begins to focus on the sustainability of buying pressure.
BlackRock's IBIT accounts for approximately 72%.
Farside Investors data shows that during this round of continuous inflows, BlackRock’s IBIT attracted $2.02 billion, accounting for approximately 72% of total inflows. In contrast, Grayscale’s GBTC continues to experience outflows, with a net outflow of $50.4 million on Wednesday alone.
Since the launch of U.S. spot Bitcoin ETFs, differentiation among products has persisted. On a cumulative basis, the overall net inflow across the market is approximately $54.7 billion, with IBIT recording cumulative inflows of $63.1 billion and GBTC experiencing cumulative outflows of $27.6 billion.
Daily inflow decreased to $232 million.
Although the consecutive net inflows continue, the daily volume has declined from the peak of $606.3 million on August 20. Since then, daily inflows have not exceeded $340 million, with Wednesday recording $232.2 million, one of the lower levels during this streak of continuous inflows.
HashKey Senior Researcher Tim Sun stated that the impact of daily ETF data should not be overstated when assessing the market. According to his analysis, since 2024, ETF fund flows have shown a positive correlation with Bitcoin prices, but the correlation is weak, making ETF flows more suitable as a trend confirmation indicator rather than a short-term leading signal.
The market is watching the $85,000 level.
Tim Sun believes that net inflows lasting more than five consecutive trading days are more significant, as they typically indicate a sustained recovery in spot demand. This current wave of inflows follows Bitcoin’s consolidation between $60,000 and $70,000, suggesting that ETF channel funds are becoming more accepting of the current price range.
Stephen Wundke, Head of Strategy and Revenue at Algoz Technologies, said that trading volume over the past week exceeded $90 billion, roughly double the average, with Bitcoin accounting for nearly $40 billion. As prices climbed above $80,000, the market has seen both previously trapped positions and profit-taking pressure, with $85,000 likely serving as the next resistance level.