Treasury Buybacks Spark Bitcoin ETF Surge as Crypto Market Recovery Takes Hold

U.S. spot Bitcoin ETFs have seen a significant surge in inflows over the past eight days, drawing approximately $2.8 billion in the process.

This streak has pushed August inflows above $3 billion, while year-to-date flows remain negative by about $2 billion.

The Treasury's decision to raise long-end buyback limits from $2 billion to at least $4 billion per operation has contributed to this trend, likely fueling renewed demand for ETFs and a potential crypto market recovery.

Bitcoin itself topped $80,000 on August 27, a significant milestone following its sharp recovery from mid-August levels.