ETFs Are Buying, But Who Is Selling? Inside Bitcoin’s Tug-of-War
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Bitcoin pushed toward the top of its trading range as U.S. spot ETFs attracted $865.3 million of net inflows over five straight sessions, the strongest weekly inflows since April, with funds absorbing about 13,300 BTC versus roughly 3,150 BTC newly created by the network. Cooler U.S. employment data eased near‑term Fed rate‑hike expectations and bolstered institutional demand and adoption, although persistent selling pressure kept the move contained, highlighting a bullish ETF-driven supply absorption for crypto markets.
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Bitcoin moved toward the top of its range last week as institutional demand through U.S. spot ETFs strengthened. Cooler employment data reduced expectations for an immediate Federal Reserve rate hike, but persistent selling pressure kept the move contained.
The stronger ETF demand was reflected in $865.3 million of net inflows across five straight sessions, the funds’ strongest weekly showing since April. According to a recent Bitfinex Alpha report, the funds absorbed about 13,300 BTC during the period. That was more than four times the roughly 3,150 BTC newly created by the network.
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