.png){kind=logo}
Spot Bitcoin ETFs drew nearly $1 billion in two days after Bitcoin moved back above $80,000. The recent inflows signal renewed demand from institutional investors as BTC extended its multi-day rally and traded near $82,000.
The gains came as Bitcoin ETF flows stayed positive despite market volatility and fresh debate over possible corporate Bitcoin sales. Altcoin ETFs also recorded inflows, with Ethereum, XRP, Solana, and Dogecoin products posting gains.
Spot Bitcoin ETFs recorded $467.4 million in inflows on Tuesday, according to SoSoValue data. The funds had already added $532 million on Monday, bringing the two-day total to more than $999 million.
The latest inflows followed April’s $1.97 billion in total net inflows. Since May 1, spot Bitcoin ETFs have attracted about $1.63 billion. Total cumulative inflows now stand near $59.7 billion, while assets under management are around $109 billion.
Bitcoin also climbed during the same period. The asset moved above $80,000 and reached about $82,240 during early Wednesday trading. The move followed a recovery from its recent low near $60,000 on February 6.
In addition, Bitcoin gained more than 6% over the past week. The rally came as buyers returned and ETF demand strengthened across major funds.
The inflow streak continued even after Strategy executive chairman Michael Saylor raised doubts about future Bitcoin sales. He recently suggested the company could sell Bitcoin to meet corporate obligations.
The comment marked a shift from his earlier ‘never sell Bitcoin’ message. However, ETF demand stayed firm after the remarks, based on the latest flow data.
Bloomberg ETF analyst Eric Balchunas also pointed to the strength of ETF holders during Bitcoin’s wider cycle decline. He said Bitcoin saw a roughly 50% drawdown, while ETFs recorded outflows of about 8% of assets.
“Don’t underestimate the firepower of Wall Street wholesalers,” Balchunas said during a Roxom TV interview. His comment focused on the role of Wall Street distribution channels in supporting ETF access.
The positive ETF trend also moved across altcoin products. Ether ETFs recorded $97.6 million in inflows on Tuesday, according to SoSoValue.
XRP funds added $11.3 million during the same session. Solana ETFs also posted inflows of about $1.7 million, while Dogecoin ETFs gained around $400,000.
The Dogecoin inflow marked its first positive daily gain since April 27. The move pushed Dogecoin ETF cumulative inflows above $10 million, while total assets under management reached about $14 million.
However, Bitcoin ETFs still led the broader ETF market by a wide margin. Their larger asset base and stronger institutional demand kept them at the center of the latest crypto fund inflow trend.
On-chain data showed that Bitcoin has moved above the short-term holder cost basis near $79,000, according to Glassnode. This measure tracks the average purchase price of investors who held Bitcoin for less than 155 days.
Analysts said this level often matters because recent buyers return to profit when Bitcoin trades above it. Mitchell Askew said Bitcoin had crossed the ‘short-term holder breakout,’ adding that it can mark the end of bear markets and consolidation periods.
Still, Bitcoin faces resistance near the $82,000 to $84,000 zone. Daan Crypto Trades said the area matches key moving averages and earlier market levels.
“Acceptance higher can lead to a further bounce back into the $90Ks,” he said. However, he also noted that rejection could keep Bitcoin rangebound, with $80,000 acting as a ceiling.
Michael van de Poppe also identified the $84,000 to $86,000 area as the next resistance zone. If Bitcoin breaks above that range, some analysts see $90,000 to $92,000 as the next area to watch.
Also Read: Bitcoin Above $81,000: Will the Uptrend Continue?
