Bitcoin ETFs Soar After Treasury Buyback Shift

Spot Bitcoin ETFs have seen significant inflows since the U.S. Treasury announced plans to increase long-term Treasury buybacks, attracting a total of $5.3 billion in cumulative flows.

Last week alone, these products saw $2.4 billion arrive, followed by another $1 billion on Monday, making it the ninth-largest single-day inflow.

After experiencing net outflows of $5.7 billion in July, year-to-date flows have turned positive due to this increased demand for U.S. spot Bitcoin ETF products.