BTC Price Battles $80K as Bitcoin ETF Inflows Reach $2.26B
The Bitcoin ETF market saw significant inflows of $2.26 billion over six consecutive sessions, with BTC price remaining near $80,000 after a sharp weekly rally.
According to Farside Investors data, BlackRock's iShares Bitcoin Trust attracted $208.9 million in net inflows, while Fidelity's Wise Origin Bitcoin Fund drew $104.6 million. Other funds, such as Bitwise's BITB and VanEck's HODL, also reported notable inflows.
The inflows came during a period of strong price action, with BTC gaining 24.5% over seven days, according to CoinGecko data. This rally was accompanied by increased spot-fund demand and a shift towards stronger short-term risk appetite, as indicated by the Crypto Fear & Greed Index.
The market structure remains constructive, but short-term volatility remains elevated, with Bitcoin trading across a roughly $3,680 intraday range during Tuesday's session. The next verifiable market level sits near $81,160, with immediate price support near $77,480.