Bitcoin ETF News: BTC USD Weekly Surge Comes as ETF Flows Reverse
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Bitcoin price action has gone completely vertical this week.
Key facts
The August 20 figure followed inflows of $297.5 million on August 17, $186.4 million on August 18, and $517 million on August 19
If BTC can hold above $75,000 while ETF flows remain positive, the next psychological target is obvious: $80,000 is back on the menu
Bitcoin is trading around $77,700, up 8.3% over the past 24 hours and 23.8% over seven days, as its ETF news turns bullish
The 12 US spot Bitcoin ETFs recorded $600 million in net inflows on August 20
Summary
The move comes after BTC broke through $75,000 during Friday’s Asian session. This is no longer the same Bitcoin market that was struggling around $64,000 earlier this month. The 12 US spot Bitcoin ETFs recorded $600 million in net inflows on August 20. The August 20 figure followed inflows of $297.5 million on August 17, $186.4 million on August 18, and $517 million on August 19.