Bitcoin ETF Inflows Surge to $731M as BTC Reclaims $80K

Bitcoin ETF inflows surged to $731 million on Thursday, the largest daily haul since January 14 when funds attracted $843.6 million. The increase followed $101.2 million in inflows on Wednesday and came as Bitcoin reclaimed the $80,000 level after trading between roughly $76,000 and $81,000 this week.

BlackRock's iShares Bitcoin Trust (IBIT) led Thursday's buying with $454 million in inflows, accounting for about 62% of the total. The fund also drew a larger $503 million inflow as recently as August 20. ARK Invest and 21Shares' ARK 21Shares Bitcoin ETF (ARKB) followed with $137.7 million, while Fidelity's Wise Origin Bitcoin Fund (FBTC) drew $74.4 million.

VanEck's Bitcoin ETF (HODL) and WisdomTree's Bitcoin Fund (BTCW) were the only funds to record outflows on Thursday, at $19.6 million and $5.2 million, respectively. CryptoQuant remained cautious about Bitcoin's rally, citing weaker spot demand and heavy short covering as $83,000 emerges as a key bull market threshold.

Bitcoin's recent rally was driven largely by traders closing short positions rather than opening new long positions, pointing to limited fresh buying demand. According to CryptoQuant, Bitcoin holders realized 23,000 BTC in net profits on August 21, the highest daily amount this year, and about 110,000 BTC in total since August 19.