Bitcoin ETF Demand Holds Firm Despite Price Retreat Below $80K

The U.S. bitcoin exchange-traded funds (ETFs) closed Friday with $174.60 million in net inflows, even as bitcoin's price slipped back below $80,000. Blackrock's IBIT led flows, showing resilient demand despite stronger U.S. jobs data.

Markets will watch the Fed's September rate outlook as crypto ETF flows stay mixed. Bitcoin ETFs drew $174.60 million on Friday, with Blackrock's IBIT taking in $117.38 million and Fidelity's FBTC adding $57.22 million. Trading value across the group reached $2.95 billion, while net assets closed at $101.25 billion.

The flow was notable because the bitcoin price had already slipped back below $80,000 after breaking above the level a day earlier. ETF demand held up despite the pullback. Blackrock's IBIT has now attracted $3.575 billion over the past 30 days, reinforcing its position as the dominant institutional gateway to bitcoin.