According to Woofun AI, the fund flow for Bitcoin spot ETFs (IBIT.US) has undergone a fundamental reversal, with year-to-date net inflows climbing to $800 million, successfully wiping out the previous annual loss gap of as much as $5.8 billion.
This shift in the macro landscape marks a structural repair of market sentiment from deep pessimism toward cautious optimism.
The price rebound and policy catalysts have jointly driven the return of capital.
Data compiled by Woofun AI shows that the BTC price recovered from below $58,000 in early June to $85,000, injecting confidence into ETFs.
The more critical variable is that U.S. Treasury Secretary Scott Bessent announced in August an increase in bond purchases, a move aimed at managing liquidity in response to bond yields that had risen to multi-year highs, directly driving nearly $400 million in capital inflows.
Analysis from data platforms SoSoValue and CoinDesk confirms this turning point: July 13 was the darkest moment when the annual loss reached $5.8 billion, and the subsequent policy intervention quickly reversed the decline.
Despite the recent strong performance, the current inflow scale still lags significantly behind historical peaks.
Total net inflows for ETFs were $35.2 billion in 2024 and $21.4 billion in 2025, and the current $800 million is still in the early stage of recovery.
Since Tuesday, although the BTC price has hovered above $85,000 without further breakthrough, ETFs have still achieved six consecutive days of net inflows, absorbing a cumulative $2.84 billion.
However, this result falls short of two other six-day records in history: inflows of $2.35 billion from February 22 to 29, 2024, and inflows of $4.73 billion from November 6 to 13, 2024, the latter being nearly double the current level.
Regarding the market outlook, analysts point out that a new bull market may have already begun, but Bitcoin bulls still need to face the realistic challenge of a shrinking scale.
Although the current capital inflows are resilient, they appear thin compared to past peaks.
This is a mild test of the market's reassessment of BTC value following the frenzy of 2024, and whether sustained net capital inflows can translate into a price breakthrough depends on the further implementation of subsequent liquidity policies.
Comments