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Crypto

Bitcoin Price Stuck Below $80,000 Despite Record-Ever ETF Inflows

Guavy AI Editorial Team
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BTC ETH
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US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $924 million in net inflows from August 24 to August 28, according to SoSoValue data. BlackRock's iShares Bitcoin Trust (IBIT) led with $938 million.

Despite the demand, Bitcoin's price stayed stuck below $80,000. Spot Ether (ETH) ETFs added $824 million over the same stretch. BlackRock's ETHA fund led that category too, extending its own inflow streak to 10 straight trading days.

Both products drew strong institutional demand, even as Bitcoin struggled to hold its recent gains. The stall in Bitcoin's price is largely due to Federal Reserve concerns.

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