web3: Net inflows to eight companies of spot ETF in bitcoin, cumulative $2.8 billion

The United States bitcoin spot ETF has recorded a net inflow of $2.8 billion over eight consecutive trading days. As the flow of funds continued, bitcoin rose to $80,475 and then fell around $79,520, showing strong prices, while the market also began to focus on buying.

Bérédé IBIT, 72%

According to Farside Investers, the IBIT under the Beled has attracted $2.02 billion, or about 72 per cent of the total inflows. By contrast, the greyscale GTTC continues to eject with a net outflow of $50.4 million on Wednesdays alone.

The division of products has been in place since the real bitcoin ETF was listed. The cumulative calibre shows a net market-wide inflow of about $54.7 billion, of which the IBIT cumulative inflow of $63.1 billion and the GTTC cumulative outflows of $27.6 billion.

Single-day inflows down to $232 million

Although net inflows continued, the scale of single-day funds had fallen from the high of $606.3 million on 20 August. Since then, single-day inflows have not exceeded $340 million, with $232.2 million recorded on Wednesday, which is the lower level of this continuous round.

HashKey Senior Researcher Tim Sun stated that the role of single-day ETF data should not be over-expanded when judging the market. According to its statistics, since 2024, the ETF financial flows, while positively related to bitcoin prices, are less relevant and more appropriate as a trend recognition indicator than a short-line lead sign.

Market concerns $85,000

Tim Sun believes that the net inflow of more than five consecutive trading days is even more of a concern, as it usually implies a sustained recovery of spot demand. The current round of inflows, following an inter-zone adjustment of $60,000 to $70,000 in Bitcoin, indicates that the acceptance of ETF channel funds for current price zones is increasing.

According to Stephen Wundke, the head of Algoz Technologies Strategy and Receipts, the volume of related transactions has exceeded $90 billion in the last week, about twice the average, with bitcoin accounting for nearly $40 billion. With $80,000 at the price point, where the market was pre-set and the demand was profitable, the vicinity of $85,000 could become the next area of resistance.