ETF Inflows Fail to Boost Bitcoin Above $80K
Nearly $1 billion flowed into U.S. spot Bitcoin ETFs in the week through Aug. 28, but Bitcoin still failed to hold above $80,000.
After briefly pushing toward $81,000, the cryptocurrency retreated and traded slightly below the $78,000 range on the first day of Autumn.
The gap has sharpened the debate over what is actually driving the market. ETF demand has returned at scale, yet price action remains choppy as traders weigh tighter policy risks, fading momentum, and a growing pool of coins sitting on major exchanges.
Spot Bitcoin ETFs recorded nine consecutive sessions of net inflows through Aug. 27, including $242.3 million on the final day of that run. The broader crypto ETF category took in about $924 million during the week, with one large fund accounting for most of the buying.