Bitcoin ETF Inflows Surge to $731M as BTC Reclaims $80K, Highest Since January

US spot Bitcoin exchange-traded funds recorded $730.9 million in net inflows on Thursday, the largest single-day haul since Jan. 14, when the funds attracted $843.6 million, according to SoSoValue data. The surge followed $101.2 million in inflows on Wednesday and came as Bitcoin reclaimed the $80,000 level after trading in a range between roughly $76,000 and $81,000 throughout the week, per CoinGecko data. The rally marks a notable recovery for the asset after weeks of sideways action that had left traders cautious about its near-term trajectory.

BlackRock's iShares Bitcoin Trust (IBIT), the largest US spot Bitcoin ETF by net assets, led Thursday's buying with $454 million in inflows, accounting for roughly 62% of the total, according to Farside Investors data. ARK Invest and 21Shares' ARKB followed with $137.7 million, while Fidelity's Wise Origin Bitcoin Fund (FBTC) drew $74.4 million. VanEck's HODL and WisdomTree's BTCW were the only two funds to record outflows, at $19.6 million and $5.2 million respectively. Despite Thursday's figure topping recent totals, IBIT alone pulled in $503 million as recently as Aug. 20, suggesting the broader appetite for spot Bitcoin ETFs remains uneven across issuers.

CryptoQuant struck a cautious tone on Bitcoin's rally in a Thursday report shared with Cointelegraph, noting that the move was driven largely by short covering rather than fresh long positions. The analytics firm highlighted that Bitcoin holders realized 23,000 BTC in net profits on Aug. 21, the highest daily figure this year, with approximately 110,000 BTC in total profit-taking since Aug. 19. According to CryptoQuant, Bitcoin's next major test sits near its 365-day moving average, placed at roughly $82,300. The company said the metric has historically marked the divide between bull and bear markets, and that a decisive close above $83,000 would confirm the start of a new bull cycle, with Bitcoin currently trading just below that threshold.