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Spot Bitcoin ETFs draw nearly $1.9B in weekly inflows as BTC nears $80K
Spot Bitcoin ETFs logged nearly $1.9 billion in net inflows over the week, with iShares Bitcoin Trust taking about 62% of that flow in one session, while Strategy generated about $1.59 billion in liquidity via an at-the-market equity offering.
Bitcoin is approaching the $80,000 level for the first time since May, and attention is shifting to macro conditions and the flow dynamics within spot crypto products. MarketBeat Ratings pointed to a recent U.S. Treasury move to expand buybacks of long-dated bonds, which tends to compress yields and can reduce the opportunity cost of holding assets that do not pay a yield.
In the ETF market, spot Bitcoin funds registered their strongest weekly performance in nearly a year, pulling in about $1.9 billion in net inflows. According to MarketBeat Ratings, total weekly sector inflows were about $1.9 billion, and the iShares Bitcoin Trust ETF, IBIT, absorbed roughly 62% of those inflows in a late-August session.
The outlet also highlighted concentration within established managers and specific performance in a single trading session. MarketBeat Ratings said IBIT pulled in about $209 million on a day when total sector inflows were roughly $338 million, and it now holds around $60 billion in assets under management.
Strategy Inc. also featured in the flow picture, with MarketBeat Ratings noting it generated approximately $1.59 billion in fresh liquidity through an at-the-market equity offering. Instead of immediately deploying the cash pool into Bitcoin, management established a specialized USD cash reserve, marking a pause in its previously aggressive accumulation approach.
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