U.S. Bitcoin (BTC) ETFs drew $517.2 million, their strongest day since May. 4, as weekly inflows topped $1 billion, Bitcoin rose 11% toward $72,000 and Ether (ETH) jumped 19%.
Key Points:
- U.S. spot Bitcoin ETFs recorded $517.2 million in Wednesday inflows, their strongest single session since May. 4.
- The funds have attracted about $1 billion since Monday, already their best weekly result since mid-January.
- Spot Ether ETFs added $189.2 million Wednesday as Ether climbed to about $2,286.
Bitcoin ETF Inflows
U.S. spot Bitcoin ETFs posted $517.2 million in net inflows Wednesday, lifting their August total to $1.47 billion. It was the largest daily intake since May. 4.
About $1 billion has entered the funds since Monday, putting the week ahead of every weekly total since the period ended Jan. 16, when inflows reached roughly $1.42 billion. The pace marks a sharp return of institutional demand.
The buying coincided with a broad crypto rally and a U.S. Treasury decision to expand buybacks of longer-dated government debt, a move that drew attention to yields and dollar liquidity. President Donald Trump also urged Congress to advance the CLARITY Act during a White House event.
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Jonatan Randin View
Jonatan Randin, senior market analyst at PrimeXBT, said the Treasury move pushed markets toward a currency-debasement interpretation rather than a conventional growth trade. “The Treasury signalling it’ll step in at the long end pushed yields and the dollar lower, and gold and silver outperformed equities on the day, so the market priced this as a currency event rather than a growth one.”
Bitcoin traded near $72,000 Thursday, up 11% over 24 hours, according to CoinGecko, while Ether rose 19% to about $2,286. “Bitcoin moved with gold and silver rather than with risk appetite, which is what the debasement trade looks like when it’s working.”
Spot Ether ETFs also recorded $189.2 million in Wednesday net inflows, bringing their weekly total to about $291.5 million. The simultaneous demand suggests the latest fund flows extended beyond Bitcoin.
The previous weekly benchmark came in the week ended Jan. 16, when U.S. spot Bitcoin ETFs attracted about $1.42 billion. Wednesday’s inflow pushed August net inflows to $1.47 billion.
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