SoSoValue data showed US spot Bitcoin ETFs recorded $754.69 million in net inflows this week. That pace put the products on track for their strongest week since April. Demand returned after a difficult June, when the funds recorded their worst month since launch. Nexo analyst Liya Kalchev said ETF-related volumes offered an early sign of renewed institutional demand.
Spot Bitcoin ETFs also received more than $240 million on Wednesday. Kalchev added that the products had attracted more than half a billion dollars during August.
Still, Bitcoin lacked a decisive upside breakout. Kalchev said the current bid appeared tactical rather than conviction-driven, while a clear move above $65,000 remained important. Technical indicators suggested a larger rally could develop if cleared resistance. Regulatory developments also remained central as markets watched the CLARITY Act, which appeared unlikely to pass the Senate this month.