PANews
PANews|Sep 01, 2026 23:48
[Bitcoin ETF Net Inflows in August Hit Highest Since July 2025, $80,000 Level Becomes Key Resistance] According to Bloomberg, U.S.-listed Bitcoin ETFs saw approximately $3.5 billion in inflows in August, marking the largest monthly inflow since July 2025. Bitcoin rose 25% during the month, achieving its best monthly performance since November 2024. Bitwise's Chief Investment Officer stated that investors have been waiting for a reason to buy crypto assets over the past few months. Despite price declines, fundamentals remain strong, and U.S. Treasury Secretary Bessent's actions served as a catalyst. Bessent announced an increase in long-term Treasury buybacks to lower yields. This, combined with Trump's meeting with crypto executives and his urging of the Senate to pass the market structure bill, ignited the current rally. Pantera Capital's founder noted that as the U.S. government continues printing money and devaluing fiat currency, hard assets like Bitcoin are expected to perform well.
+5
Mentioned
Share To

Timeline

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads