Bitcoin Nears $80,000 as Spot ETFs Attract $242 Million

Bitcoin is trading near $80,000 as spot BTC ETFs recorded a net inflow of $242.3 million on August 27.

The total cryptocurrency market capitalization has reached approximately $2.68 trillion, while the Fear and Greed Index sits at 81 points, firmly within the “Extreme Greed” zone.

Altcoins are exhibiting even stronger momentum, with Solana climbing roughly 3.5% to $106.53, bringing its seven-day gains to over 17%. Ethereum has lagged slightly, dipping 0.7% to $2,499, though its weekly performance remains in positive territory.

The Ethereum ETF market is sending an even stronger signal, with funds attracting a net $225.8 million on August 27. BlackRock’s ETHA led with $130.2 million, followed by Fidelity’s FETH at $56.2 million and ETHB at $20.7 million.

Interest is no longer confined to the two largest crypto assets, as Solana ETFs pulled in $56.1 million on August 27, their strongest daily performance in the recorded period.