Bitcoin ETFs Bounce Back With $91.6M Inflows

After four straight days of outflows totaling $1.5B, U.S. Bitcoin ETFs finally saw positive momentum on August 6, pulling in $91.6 million in net inflows.

Which ETFs Led the Recovery?

🏆 BlackRock (IBIT): $42M
🥈 Bitwise (BITB): $26.4M
🥉 Grayscale (GBTC): $14.5M
📊 VanEck (HODL): $4.1M

Only ARKB (Ark/21Shares) bucked the trend with $5.4M outflows.

Will Bitcoin Follow the ETF Rebound?

• Current price: $115,023 (+0.89%)
• Key resistance: $117,200 (breakout level)
• ATH drop: ~6.5% from $123K peak

Glassnode data shows sell pressure easing:

• Only 45% of recent BTC sales were profit-taking
• Corporate BTC buying still strong

What’s Next for Bitcoin?

✅ Bullish case: ETF inflows + corporate demand could push BTC past $120K
⚠️ Bearish risk: Failure at $117.2K may signal fading momentum