With $517.2 million in net inflows into US Bitcoin (BTC) spot ETFs, the strongest day of capital since May 4 saw funds rush in. This pushed the weekly net inflow to over $1 billion, while Bitcoin surged 11%, moving back toward its retest of the $72,000 level. Ethereum (ETH) jumped 19%.
Key summary:
US spot Bitcoin ETFs recorded a net inflow of $517.2 million in just one day on Wednesday, the largest daily inflow since May 4.
So far this week, about $1 billion has flowed in, marking the strongest weekly performance since mid-January.
On the same day, $189.2 million also flowed into spot Ethereum ETFs, lifting Ethereum to about $2,286.
Funds re-enter Bitcoin ETFs
U.S. spot Bitcoin ETFs recorded net inflows of $517.2 million as of Wednesday, bringing August’s cumulative inflows to $1.47 billion. This is the largest daily inflow since May 4.
After just three days since Monday, about $1 billion flowed newly into ETFs, and this week is likely to outperform the week ending Jan. 16 (about $1.422 billion in inflows). This pace indicates that institutional demand has strongly come back to life.
Buying pressure played out alongside a broad-based rally in crypto assets. In particular, as the U.S. Treasury announced plans to expand long-term Treasury buybacks (re-purchases), market attention shifted toward bond yields and dollar liquidity. President Donald Trump urged Congress to process the CLARITY bill at a White House event, stoking the regulatory debate as well.
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Jonathan Randel’s view
PrimeXBT’s chief market analyst **Jonathan Randin** said the Treasury decision moved the market by being interpreted from the perspective of currency-value dilution (“debasement”), not the traditional “growth expectations.” He explained, “When the Treasury signaled it would intervene on the long end, yields and the dollar fell together, and gold and silver rose more than stocks did.” He added that “the market priced this in as a currency event rather than a growth catalyst.”
**According to CoinGecko**, Bitcoin rose 11% over the prior 24 hours and was trading around $72,000. Ethereum surged 19% to around $2,286. Randel assessed that “Bitcoin is aligning with gold and silver rather than moving with risk assets,” calling it a “typical pattern that shows up when a de-risking trade works properly.”
Spot Ethereum ETFs also saw net inflows of $189.2 million on Wednesday alone, bringing weekly cumulative inflows to about $291.5 million. This suggests that the inflows are not limited to Bitcoin and are spreading alongside it into Ethereum.
Earlier, the all-time weekly high for U.S. spot Bitcoin ETFs was about $1.42 billion in the week ending Jan. 16. With this Wednesday’s inflows, net inflows for August have surpassed $1.47 billion.
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