Crypto-Spot ETF Market Flow Trends Drive Demand Shifts
Notably, the US BTC-spot ETF market trailed the ETH-spot ETF market by inflows, triggering the rotation into ETH.
According to Farside Investors, the US BTC-spot ETF market recorded total net inflows of $253.2 million in the week ending August 8. Key weekly flows included:
- iShares Bitcoin Trust (IBIT) had weekly net inflows of $188.9 million.
- Bitwise Bitcoin ETF (BITB) reported net inflows of $62.3 million.
- Grayscale Bitcoin Mini Trust (BTC) and VanEck Bitcoin ETF (HODL) recorded combined net inflows of $56.2 million.
- Meanwhile, Fidelity Wise Origin Bitcoin Fund (FBTC) saw net outflows of $55.2 million.
Despite weekly net inflows, the US BTC-spot ETF market recorded total net outflows of $559.1 million in August to date.
While BTC faces pivotal macro tests, ETH’s momentum may hinge on sustaining ETF inflow dominance. The ETH-spot ETF market reported total net inflows of $461 million in the week ending August 8. After robust inflows for the week, the ETH-spot ETF market had total net inflows of $174.3 million in August to date. ETH extended its winning streak to four sessions on August 9, as spot ETF inflows sent the token above $4,000 for the first time since December 2024.
See our in-depth ETH vs BTC ETF flow breakdown here.
Key Drivers for BTC Price Outlook
Several macro and market factors will drive BTC’s near-term outlook: