US‑listed spot Bitcoin ETFs attracted $730.9 million in net inflows on Thursday, the largest single‑day amount since Jan. 14, when $843.6 million entered the funds, according to SoSoValue data. The surge followed a $101.2 million inflow on Wednesday and coincided with Bitcoin trading back above $80,000 after a week‑long range between roughly $76,000 and $81,000.
BlackRock’s iShares Bitcoin Trust (IBIT) led the buying, pulling in $454 million, or about 62 % of the total, based on Farside Investors data. ARK Invest and 21Shares’ ARK 21Shares Bitcoin ETF added $137.7 million, while Fidelity’s Wise Origin Bitcoin Fund contributed $74.4 million. VanEck’s Bitcoin ETF (HODL) and WisdomTree’s Bitcoin Fund (BTCW) were the only products to post outflows, at $19.6 million and $5.2 million respectively.
CryptoQuant noted that the rally was driven largely by short‑covering rather than fresh long‑position buying, indicating limited new demand. The firm reported that Bitcoin holders realized a net profit of 23,000 BTC on Aug. 21—the highest daily profit this year—and about 110,000 BTC since Aug. 19. CryptoQuant’s analysis places the next key test at the 365‑day moving average near $82,300, with a decisive close above $83,000 needed to confirm a new bull market; a rejection could see price pull back toward the 200‑day average around $69,000.
