Bitcoin ETFs Pulled In Near $1 Billion Last Week, So Why Is BTC Stuck Below $80,000?

BeInCrypto2026/08/31 07:06

By:BeInCrypto

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!

A welcome pack worth 6200 USDT for new users! Sign up now!

US spot Bitcoin (BTC) exchange-traded funds (ETFs) recorded $924 million in net inflows from Aug. 24 to Aug. 28. BlackRocks iShares Bitcoin Trust (IBIT) led with $938 million, according to SoSoValue data. Despite the demand, Bitcoins price stayed stuck below $80,000. Spot Ether (ETH) ETFs added $824 million over the same stretch. BlackRocks ETHA fund led that category too, extending its own inflow streak to 10 straight trading days. Both products drew strong institutional demand, even as Bitcoin struggled to hold its recent gains. Why Bitcoins Price Isnt Following ETF Money The stall traces largely to the Federal Reserve. Fed Chair Kevin Warsh delivered a hawkish keynote at the Aug. 28 Jackson Hole Economic Policy Symposium. Bitcoins price is struggling to stay above $80,000. Image Source: BeinCrypto He warned that inflation remained a bigger concern than the labor market and declined to rule out a rate hike. Bitcoin slid from around $79,500 to below $77,000 in the hours that followed. Traders priced in higher odds of a hike at the Feds September meeting. Bitcoin also faces a longer-term technical hurdle. On-chain analytics firm CryptoQuant has pointed to a bull market confirmation tied to Bitcoins 365-day moving average, near $83,000. BTC has repeatedly failed to close above that level, despite its rally from the mid-$60,000s. Inflow Streak Comes to an End The nine-day Bitcoin ETF inflow streak that carried into last weeks total ended on Aug. 28. Funds recorded a $201.81 million net outflow that day. Even so, August remains 2026s strongest month on record for the products, with more than $3 billion in net inflows. Bitcoin recorded outflows on Friday last week. Image Source: CoinGlass Whether Bitcoin can convert renewed ETF demand into a decisive break above $80,000 may depend on the Feds next moves. A close above its 365-day moving average would help, too, something it has not managed since the rally began. Read the article at BeInCrypto

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.

Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.

Trade now！

1. Crypto outperformed traditional equity indexes following the rate hike, but elevated interest rates remain a key constraint on cross-asset allocation. From September 12 to 18, BTC, ETH, and SOL gained 4.83%, 3.84%, and 9.96%, respectively, while the S&P 500 edged down 0.08%. The U.S. Dollar Index rose 1.11%, and the 10-year U.S. Treasury yield closed at approximately 4.998%. Improving risk appetite is therefore coexisting with elevated discount rates, raising the bar for RWA allocation: investors need to compare not only returns on the underlying assets, but also on-chain liquidity and collateral efficiency. 2. Growth in tokenized equities is occurring even as the overall RWA market remains under pressure. As of September 18, Distributed Asset Value across RWAs stood at $38.503 billion, down 1.13% week over week, while tokenized equities reached $3.056 billion, up 6.03%. This week's data are better explained by capital reallocating across different RWA segments than by a broad-based expansion of the entire RWA market. 3. For exchanges, the opportunity lies in connecting spot holdings, collateral, and derivatives. Reality's distributed asset value stands at approximately $155 million, while eligible rTokens can already be used within Bitget's UTA margin framework. Across CoinGlass's verifiable sample of 177 TradFi instruments, open interest reached approximately $11.498 billion, up 2.06% week over week, even as weekly trading volume declined 7.60%. The medium-term opportunity remains intact, but deeper utilization will depend on liquidity, collateral use, and sustained trading activity. 4.Assets to watch: BTC, ETH, SOL, NEAR, ZEC, gold, tokenized U.S. equities, COST. 5.Key metrics to watch: rToken collateral utilization, the durability of TradFi open interest and trading volume, and next week's employment and consumer data.

Bitget•2026/09/21 06:38