Bitcoin ETFs Post 4th $196M Outflow; Institutions Buy BTC
Bitcoin ETFs recorded a fourth consecutive day of net outflows on August 5, shedding $196.2 million. Fidelity’s FBTC led with $99.1 million withdrawn, followed by BlackRock’s IBIT ($77.4 million) and Grayscale’s GBTC ($19.7 million). Despite selling pressure from ETFs, institutional investors snapped up the dip, adding about 630 BTC (around $70 million) on the same day, including UK-based Vaultz Capital’s purchase of 47.85 BTC.
Bitcoin traded near $114,000 at press time, down from its July peak of $123,100. Market analysts remain divided on the short-term outlook: Fundstrat’s Tom Lee maintains a $250,000 target for 2025, Bitwise’s Matt Hougan predicts a 2026 breakout driven by wider adoption, while Arthur Hayes warns of a possible drop to $100,000 amid macroeconomic headwinds before resuming an upward trend.
Trading volatility may rise as net outflows exert selling pressure, but ongoing institutional demand and long-term bullish sentiment suggest potential buying opportunities. Traders should closely monitor Bitcoin ETF flows, institutional buying data and broader market indicators for entry and exit signals.
Bearish
The net outflow of $196M from Bitcoin ETFs over four consecutive days indicates sustained selling pressure, which is likely to weigh on Bitcoin’s short-term price momentum. Although institutional investors added around 630 BTC, the net ETF outflows exceed these purchases, suggesting an overall negative demand imbalance. Combined with market concerns over macroeconomic headwinds and regulatory uncertainty, this could amplify volatility and drive prices lower in the near term. However, long-term bullish targets from prominent analysts imply potential upside once the selling subsides.