TLDR
- Bitcoin ETFs attracted more than $1 billion in fresh inflows over three days.
- Bitcoin climbed to $72,659 on Thursday, gaining about 10% in 24 hours.
- BlackRock’s iShares Bitcoin Trust led demand with $588.5 million in inflows since Monday.
- U.S. Bitcoin ETFs received more than $500 million in investments on Wednesday alone.
- President Donald Trump renewed his push for lawmakers to pass the Clarity Act.
Bitcoin ETFs attracted more than $1 billion in fresh investment over three days as Bitcoin price climbed toward $73,000. The renewed demand followed a market rebound, risk appetite, and a policy announcement from the U.S. Treasury that pushed long-term yields lower.
Bitcoin traded near $72,606 on Thursday after touching $72,659. The cryptocurrency gained about 10% over 24 hours but remained more than 40% below its October record of $126,080.
Bitcoin ETFs See Strong Buying
Investors added more than $500 million to U.S. Bitcoin ETFs on Wednesday, according to Farside Investors. Funds managed by BlackRock, Fidelity, and Grayscale received demand as Bitcoin prices moved higher during the week.
BlackRock’s iShares Bitcoin Trust led the flows. The fund received about $588.5 million from Monday through Wednesday. Other products, including Morgan Stanley’s Bitcoin Trust, also recorded active trading as investors returned to the market.
ETF demand changed direction after last week’s withdrawals. Investors removed more than $385 million from U.S. funds as tensions in the Middle East increased. Bitcoin stayed steady during that period despite the redemptions.
Trump Renews Clarity Act Push
President Donald Trump met crypto executives and financial regulators at the White House on Wednesday. Coinbase CEO Brian Armstrong and Securities and Exchange Commission Chair Paul Atkins attended the meeting with other industry representatives.
Trump later called the Clarity Act a “very, very powerful” bill and urged lawmakers to approve it. The House passed the crypto market structure bill last year, but Senate talks have stalled. Lawmakers now expect further action in September.
The bill aims to create clearer rules for digital assets. It would help define when a crypto asset falls under securities, commodities, or payment stablecoin rules.
Treasury Move Supports Risk Assets
Investors also responded to the Treasury Department’s plan to more than double some government debt repurchases. The announcement pushed long-term Treasury yields lower and weakened the U.S. dollar.
Lower yields can reduce the appeal of interest-paying assets compared with Bitcoin and gold. Both assets rose after the Treasury update as investors increased exposure to risk assets.
The combination of ETF inflows, stronger Bitcoin prices, and renewed policy attention kept crypto markets active on Thursday. Traders now continue watching fund flows, Treasury yields, and progress on the Clarity Act.
