Bitcoin News Today: Bitcoin ETFs end 4-day outflow streak with $91.6M inflow as BTC approaches $115K

U.S.-listed Bitcoin exchange-traded funds (ETFs) recorded a net inflow of $91.6 million on August 6, ending a four-day streak of outflows that had seen over $1.5 billion in redemptions [1]. This marks the first positive net flow in nearly a week and could signal a shift in investor sentiment toward the asset class. BlackRock’s IBIT led the inflows with $42 million, followed by Bitwise’s BITB with $26.4 million, and Grayscale’s GBTC with $14.5 million. VanEck’s HODL also saw $4.1 million in new capital. However, Ark & 21Shares’ ARKB continued to lag, recording $5.4 million in outflows [1].

The rebound in ETF inflows comes as Bitcoin’s price hovers near $115,023, up 0.89% on the day but still down about 6.5% from its all-time high of $123,000. The recent decline has largely been attributed to profit-taking by both retail and institutional investors following a strong price rally earlier in the month [1]. Despite the drop, market data suggests that selling pressure may be easing. According to an August 6 report from Glassnode, only 45% of recent Bitcoin offloads came from holders in profit, indicating that the aggressive sell-off may be slowing [1].

While the ETF inflows are a positive sign, they remain modest compared to the peak flows observed in July. However, the continued corporate adoption of Bitcoin appears to be supporting demand. More public companies are now listing Bitcoin on their balance sheets, reinforcing the asset’s growing acceptance in the institutional space [1].

Technically, analysts have identified $117,200 as a critical level to watch. According to market watcher Rekt Capital, a successful break above this level could indicate renewed buying momentum and open the door to further gains. Conversely, repeated failures to clear the threshold may signal a weakening rally [1].

The coming days will be pivotal in determining whether the inflow into Bitcoin ETFs translates into a broader price recovery. For now, the market remains focused on whether Bitcoin can reclaim and hold above $117,200, which would be a key test of the asset’s near-term strength.

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Source: [1] Bitcoin ETFs end 4-day bleeding streak with $92M inflows, can BTC follow? (https://crypto.news/bitcoin-etfs-end-4-day-bleeding-streak-with-92m-inflows-can-btc-follow/)