Recent data reveals that U.S.-listed Bitcoin ETFs have finally ended their streak of outflows, reporting positive net inflows.
Inflow Data for Bitcoin ETFs
According to SoSoValue data, on August 6, Bitcoin ETFs pulled in approximately $91.6 million in net inflows after a four-day stretch of outflows that saw the funds lose over $1.5 billion.
BlackRock’s IBIT led the inflows with $42 million, followed by Bitwise’s BITB at $26.4 million and Grayscale’s GBTC with $14.5 million. VanEck’s HODL also joined the trend with more modest figures, recording $4.1 million. However, not all funds enjoyed gains, as Ark & 21Shares’ ARKB posted $5.4 million in outflows.
Current Bitcoin Price and Predictions
At the time of writing, Bitcoin is trading around $115,023, up 0.89% for the day. The asset has moved mostly sideways recently, remaining below the $115,000 mark since early August. Bitcoin is down about 3% on the week and approximately 6.5% from its $123,000 all-time high. The price drop has been largely attributed to profit-taking efforts among investors after the recent rally.
Market Analysis and Expert Expectations
Market data suggests that the selling trend is now easing. According to an August 6 report by Glassnode, only 45% of recent Bitcoin offloads came from holders in profit, indicating cooling sell pressure. However, for Bitcoin to recover and push higher, the combination of heavy institutional inflows and corporate buying will need to return. Analysts are watching the $117,200 mark as a key zone—breaking above this could indicate strength and further gains.
Thus, recent inflows into Bitcoin ETFs indicate a return of investor interest, yet the stability of Bitcoin's price remains reliant on significant institutional and corporate investments.
