Crypto-Spot ETF Market Circulate Tendencies Drive Demand Shifts
Notably, the US BTC-spot ETF market trailed the ETH-spot ETF market by inflows, triggering the rotation into ETH.
In keeping with Farside Traders, the US BTC-spot ETF market recorded whole web inflows of $253.2 million within the week ending August 8. Key weekly flows included:
- iShares Bitcoin Belief (IBIT) had weekly web inflows of $188.9 million.
- Bitwise Bitcoin ETF (BITB) reported web inflows of $62.3 million.
- Grayscale Bitcoin Mini Belief (BTC) and VanEck Bitcoin ETF (HODL) recorded mixed web inflows of $56.2 million.
- In the meantime, Constancy Smart Origin Bitcoin Fund (FBTC) noticed web outflows of $55.2 million.
Despite weekly web inflows, the US BTC-spot ETF market recorded whole web outflows of $559.1 million in August up to now.
Whereas BTC faces pivotal macro exams, ETH’s momentum could hinge on sustaining ETF influx dominance. The ETH-spot ETF market reported whole web inflows of $461 million within the week ending August 8. After strong inflows for the week, the ETH-spot ETF market had whole web inflows of $174.3 million in August up to now. ETH prolonged its profitable streak to 4 periods on August 9, as spot ETF inflows despatched the token above $4,000 for the primary time since December 2024.
See our in-depth ETH vs BTC ETF movement breakdown here.
Key Drivers for BTC Price Outlook
A number of macro and market elements will drive BTC’s near-term outlook:
