Bitcoin ETFs Draw $854M Over Five Days as Rate-Hike Bets Fade
U.S. spot Bitcoin ETFs recorded $853.5 million in net inflows over five straight sessions, reversing the prior week’s outflows and lifting cumulative inflows since launch to $52.18 billion. BlackRock’s IBIT dominated with about $690 million, or roughly 80% of the total, while Fidelity’s FBTC also saw strong demand. Despite the surge, daily inflows slowed late in the week, and the funds ended holding $79.5 billion, about 6.1% of Bitcoin’s market value. Analysts linked the move to weaker U.S. jobs data, falling odds of a near-term Fed hike, and a rotation away from crowded AI-related trades. Some also pointed to whale accumulation and broader digital asset fund inflows as signs that Bitcoin may be near cycle lows. Still, caution remains: long-dated yields are elevated, rate-cut expectations are limited, and a sustained breakout likely needs clearer macro deterioration. Bitcoin traded near $65,100 Monday.
