Bitcoin ETFs absorb US$1.92 billion, annual outflows not yet covered

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Yayang Syarif Hidayat25 August 2026, 21:16 WIB
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Yayang Syarif Hidayat
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BlackRock contributed US$1.3 billion, or about two-thirds of the week’s inflows.

JAKARTA – Spot <a href="https://xpertsstudio.com/bitcoin-open-interest-falls-to-12-is-the-short-squeeze-over/” title=”Bitcoin Open Interest Falls to 12%: Is the Short Squeeze Over?”>Bitcoin exchange-traded funds (ETFs) in the United States absorbed US$1.92 billion last week.

As quoting Bloomberg, this was the largest value since early October last year

Thirteen US-listed products contributed to the overall figure.

The largest daily absorption occurred on August 20, amounting to US$606.3 million.

This figure was the highest in more than three months.

BlackRock’s iShares Bitcoin Trust accounted for US$1.3 billion of the weekly total.

Its portion was equivalent to about two-thirds of all inflows.

Bitcoin strengthened by approximately 23% last week, its largest weekly gain in over three years.

This fund flow continued early this week.

Quoting CoinDesk, spot Bitcoin ETFs absorbed US$337.56 million on August 24.

The data originated from the provider SoSoValue.

This absorption marked the sixth consecutive day of net inflows.

The accumulation during this streak reached US$2.26 billion.

The total value of Bitcoin ETF assets rose to US$98.56 billion.

A week earlier, the figure was still US$78.67 billion.

This increase reflects a combination of inflows and price appreciation.

However, the annual picture differs significantly from the weekly one.

Throughout 2026, the net outflow from these products is still approximately US$2.9 billion.

Last week’s absorption has not yet covered the accumulated outflows since the beginning of the year.

These fund flows answer the key question behind the rally.

The price increase began from the pressure of closing positions by players who bet downwards.

The initial trigger was the US plan to increase long-term bond repurchases.

On August 19, the liquidity operation limit was raised from US$2 billion to at least US$4 billion.

Forced purchases by short position holders accelerated the gains in the early stages.

This mechanism can produce rapid surges but does not necessarily sustain prices.

ETF inflows signal more durable demand.

Sygnum Bank’s Chief Investment Officer, Fabian Dori, believes this week’s strengthening stems from spot demand.

According to him, allocator fund flows through ETFs are more sustainable than concentrated futures positions.

Bitcoin’s price itself surpassed US$80,000 on Tuesday.

That level was the first since mid-May.

Its intraday peak was recorded at US$81,160

Its seven-day gain reached approximately 25.8%.

As quoted by <a href="http://crypto.news” rel=”nofollow noopener” target=”_blank”>crypto.news, the asset has recovered about 38% from its July 1 low.

This low was around US$57,700.

This increase adds about US$350 billion to its market capitalization.

Its recovery virtually erased the losses accumulated since May.

Nevertheless, the price is now entering an area that previously attracted significant sell-offs.

Several indicators also show the market is overheating.

The Money Flow Index was recorded at 77.22, indicating strong demand and stretched momentum.

The sentiment index was at an Extreme Greed level with a score of 83.

Analysts have not yet called this phase the beginning of a new bull cycle.

Min Jung from Presto Research believes this increase is a catch-up.

Bitcoin had previously lagged behind other risky assets.

QCP Group senior sales trader, Jayke Kyndrede, said the market appears stretched but remains supported.

According to him, consolidation or correction after such a rapid movement is not surprising.

Its timing and depth remain difficult to predict as long as demand remains strong.

Other risk factors include tight liquidity and persistently high inflation.

Geopolitical uncertainty also continues to loom over global financial markets.

The real test lies in this week’s inflows.

A flat or negative record will test the resilience of the institutional demand thesis.

Conversely, one more day at a similar pace will strengthen it.

Product issuance activity also continues outside of Bitcoin.

Grayscale began trading Zcash ETFs on NYSE Arca on Tuesday.

The product uses the ticker ZCSH on the electronic trading board.

This is the world’s first spot exchange-traded product offering access to ZEC.

Investors can own it through brokerage accounts without directly holding the asset.

Grayscale first filed to convert its Zcash Trust into a spot ETF in November 2025.

The filing followed a roughly 1,000% increase in ZEC’s price throughout that year.

Bitcoin’s price last fell back below US$80,000.

Its position is still one percent higher than 24 hours earlier.

Source: www.idnfinancials.com