Bitcoin ETFs Report $196 Million in Outflows Amid Institutional Accumulation
Bitcoin spot ETFs experienced net outflows of $196 million on August 5, marking four consecutive days of losses and a 3.5% weekly drop in Bitcoin's price. Key details include:
- Fidelity's FBTC led the outflows with $99.11 million withdrawn.
- BlackRock’s IBIT saw withdrawals exceeding $77 million.
- This follows a strong July, with only five outflows recorded.
- Bitcoin peaked at $123,100 on July 14 before facing recent declines.
Institutional Accumulation
Despite ETF selling pressure, institutional investors are accumulating Bitcoin. On August 5, corporations added approximately 630 BTC (worth over $70 million) to their treasuries. Vaultz Capital reported purchasing an additional 47.85 BTC, increasing its total to 117.85 BTC.
Market Outlook
As of now, Bitcoin trades around $114,000, recovering from lows of $112,044. Some analysts are adjusting short-term targets, while others maintain a bullish long-term outlook:
- Tom Lee predicts Bitcoin could reach $250,000 by 2025, citing ongoing institutional interest.
- Matt Hougan suggests that 2026 may signify a significant breakout year for Bitcoin, moving beyond historical cycles.
- Robert Kiyosaki emphasized Bitcoin’s potential for wealth creation, calling its design “pure genius.”
However, some analysts remain cautious. Arthur Hayes forecasts a possible dip to $100,000 due to macroeconomic factors before a rebound.