Bitcoin Defies Rate-Hike Fears With ETF Flows Turning Positive
Bitcoin held above $63,770 as of August 4, gaining roughly 7% through July despite a macro backdrop that should have worked against it. The key development: spot ETF flows reversed course on August 3, posting $170.1 million in net inflows after the category recorded $5.4 billion in net outflows across all of H1 2026, per Farside Investors. Key Takeaways Bitcoin traded at $63,770 on August 4, up approximately 7% for July despite rising Treasury yields and markets pricing a September Fed rate hike. Spot Bitcoin ETFs recorded $170.1 million in net inflows on August 3, with BlackRock's IBIT contributing $111.4 million, per Farside Investors. Large holders accumulated approximately 270,000 BTC (r…
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