Bond Buybacks Fuel Bitcoin ETF Surge to $2.5B in Seven Sessions

The US Treasury has increased its ceiling for long-dated bond buybacks to up to $6 billion, and has already repurchased over $5 billion. This move has eased yields, which may have a positive impact on cryptocurrencies.

Over the past seven sessions, approximately $2.5 billion flowed into spot Bitcoin ETFs, marking the strongest such stretch since late 2025. The connection between government bond buybacks and crypto flows is being closely monitored by market observers.

However, it's essential to note that liquidity-driven flows can reverse if the macroeconomic backdrop shifts. Market participants are trying to determine whether this increased demand for Bitcoin is a result of durable institutional interest or a short-term blip in liquidity.