Spot exchange-traded funds tracking Bitcoin and Ethereum have drawn $2.7 billion in net inflows over five business days, with Bitcoin ETFs attracting $1.92 billion and Ethereum ETFs securing $700 million. The surge follows a U.S. Treasury Department announcement to expand liquidity-support buybacks for government debt, which analysts say has bolstered investor confidence in the crypto market.
Bitcoin prices climbed to nearly $80,000, up from below $65,000, while Ethereum surged over 28% weekly, rising from $1,900 to above $2,500. Daily inflows into Bitcoin ETFs ranged from $300 million to $606 million, with Ethereum ETFs recording between $30.85 million and $220.77 million per day. By August 21, cumulative inflows into Bitcoin ETFs had reached $53.7 billion, compared to $51.8 billion previously, while Ethereum ETFs saw total inflows increase to $12.15 billion from $11.45 billion.
The Treasury’s move to enhance liquidity for government debt has been cited as a key factor influencing investor behavior, though the direct link between ETF inflows and price movements remains unproven. Market participants continue to monitor the impact of macroeconomic policies on cryptocurrency valuations, with the latest data underscoring growing institutional interest in digital assets.
Written by Oliver Grant
Markets Desk
