US Bitcoin ETFs Draw $3.5 Billion in August, Most Since July 2025
Summary
- US-listed spot-Bitcoin ETFs posted $3.5 billion in net inflows in August, the largest monthly total since July 2025.
- Treasury Secretary Scott Bessent’s announcement of expanded Treasury buybacks and expectations for clearer US crypto regulation helped revive appetite for risk assets including Bitcoin.
- The $80,000 to $83,000 range for Bitcoin is a key resistance zone, as that is where the average purchase price for investors has been concentrated.
Forecast Trend Report by Period
US-listed Bitcoin exchange-traded funds attracted their biggest monthly inflow in more than a year in August, as Bitcoin tested whether it could establish a foothold above $80,000.
Bloomberg reported on Sept. 1 that US-listed spot-Bitcoin ETFs posted net inflows of $3.5 billion in August. That was the largest monthly total since July 2025. Bitcoin gained 25% during the month, its strongest monthly performance since November 2024.
Treasury Secretary Scott Bessent’s announcement of expanded Treasury buybacks was cited as a key driver of the inflows. After Bessent said the US would increase buybacks to lower long-term Treasury yields, the dollar weakened and appetite for risk assets, including Bitcoin, revived. The announcement came as President Donald Trump met with cryptocurrency industry executives and urged the Senate to pass a market-structure bill.
Matt Hougan, chief investment officer at Bitwise Asset Management, said investors had spent the past several months waiting for a reason to buy digital assets. Prices had fallen, but fundamentals remained solid. Once Bessent provided that catalyst in early August, investors moved in aggressively.
Fiona Cincotta, senior market analyst at StoneX, said concerns about US fiscal health boosted demand for alternative assets such as Bitcoin and precious metals. Renewed inflows into spot-Bitcoin ETFs and expectations for clearer US cryptocurrency regulation provided additional momentum.
Still, Bitcoin has yet to prove it can hold above $80,000. The token fell as much as 3% on the day to $76,393. Citigroup strategists Alex Saunders and Bin Bo said the average purchase price for spot-Bitcoin ETF investors was between $80,000 and $83,000, making that band a key resistance zone.
About 88% of August's ETF net inflows went to BlackRock's iShares Bitcoin Trust ETF, or IBIT. Pantera Capital founder Dan Morehead told Bloomberg TV that Bitcoin and other digital assets are a macro trade. As long as governments keep printing money and debasing fiat currencies, hard assets such as Bitcoin should perform well.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.