Bitcoin ETFs Pull in $189M as BTC Tops $68K on Treasury Liquidity Boost

Bitcoin ETFs Pull in $189M as BTC Tops $68K on Treasury Liquidity Boost | CoinMarketCap
Bitcoin ETFs Pull in $189M as BTC Tops $68K on Treasury Liquidity Boost
Table of Contents
CMC Crypto News

Bitcoin ETFs Pull in $189M as BTC Tops $68K on Treasury Liquidity Boost

US spot Bitcoin ETFs added $189M on Aug. 19, lifting August net inflows to $951M, as BTC surged 6%, above $68K, after the Treasury doubled bond buyback operations

Table of Contents

• Treasury Bond Buybacks Spark 6% Bitcoin Rally and $1.4B in Short Liquidations
• August ETF Inflows Approach $1B After Brief Outflow Streak

US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $189.3 million in net inflows on Aug. 19, pushing total August net inflows to approximately $951 million, according to SoSoValue data. The gains followed $297.6 million in net inflows the previous day, bringing the two-day total to $487 million.
BlackRock’s iShares Bitcoin Trust ledAug. 19 inflows with $143.6 million. Fidelity’s Wise Origin Bitcoin Fund added $23.9 million. Cumulative net inflows into US spot Bitcoin ETFsreached approximately $52.28 billion, with total net assets of roughly $79.3 billion. The inflow streak followed three consecutive sessions of net outflows between Aug. 12 and Aug. 14, during which the funds shed about $250 million.

Treasury Bond Buybacks Spark 6% Bitcoin Rally and $1.4B in Short Liquidations

BTC surged above $68,000 during US morning trading on Aug. 19 after Treasury Secretary Scott Bessent announcedthe doubling of bond buyback operations for longer-dated government securities. Investors viewed the move as a potential backstop for liquidity across the $30 trillion Treasury market. About $1.4 billion in short positions were liquidated within four hours of the rally, as traders scrambled to close bearish positions. Gold also responded, jumping 2.7% to $4,528 an ounce, its highest level since early June.
Ethereum (ETH) and several altcoins outperformed BTC during the rally. ETH rose 8.44% to $2,084, its highest level since May 27. Solana (SOL) gained 7% to $82. Open interest on ETH trading pairs spiked from $11.7 billion to $13 billion before settling back to $12.5 billion, reflecting a wave of leveraged long positions before short liquidations cleared. Crypto stocks also moved higher, with Bullish rising nearly 13% and Coinbase gaining 11%.

Related Article: Bitcoin Price Stuck Trading Sideways, but Is $80K Rally in the Cards?

August ETF Inflows Approach $1B After Brief Outflow Streak

Following August’s inflows, cumulative net inflows into US spot Bitcoin ETFs stood at approximately $52.28 billion, with total net assets of roughly $79.3 billion. The inflow streak reversed three consecutive sessions of net outflows between Aug. 12 and Aug. 14, during which the funds shed approximately $250 million. Spot Ethereum ETFs added $71.5 million on Aug. 19, lifting August net inflows for that product to approximately $345 million.
This article contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and must be used for informational purposes only. It is important to do your own research and analysis before making any material decisions related to any of the products or services described. This article is not intended as, and shall not be construed as, financial advice. The views and opinions expressed in this article are the author’s [company’s] own and do not necessarily reflect those of CoinMarketCap.
0 people liked this article

Ayesha Aziz

I’m a crypto writer and an environmental scientist.

Source: coinmarketcap.com