While buyer interest for United States-based spot bitcoin BTC $78,760.78 exchange-traded funds has recovered recently, cumulative yearly net flows remain negative.
Data provider SoSoValue reveals that a phenomenal August brought in $3.52 billion in brand-new capital, which was complemented by another $770.15 million collected during the current month. Although this positive momentum encourages bullish traders to believe the worst market slumps have concluded, total calculations indicate that the ETFs are still in a yearly deficit.
Even considering this recent winning streak, these investment vehicles lag by approximately $1 billion in net investor capital on a year-to-date basis. May and June’s severe market downturn drove institutional capital away at an alarming pace, serving as the main driver for this persistent gap. June alone erased $4.51 billion, entirely wiping out the gains accumulated across March and April. Consequently, bulls still face considerable hurdles before these funds achieve an overall flow breakeven for the year.
Bitfinex crypto exchange analysts stated in a message to CoinDesk that the critical test is whether these incoming investments can withstand the upcoming Consumer Price Index release and Treasury buyback.
The analysts added that if investors continue purchasing assets while short-term yields stay elevated, it would demonstrate that policy rates no longer act as the main limiting factor for bitcoin. U.S. inflation figures are scheduled for release this Thursday.
The currency market has previously indicated that high bond yields should not suppress bitcoin upward trajectories.
Nevertheless, the digital asset sector is not entirely free from obstacles. Petroleum prices have climbed 10% this month, with Nymex-listed West Texas Intermediate futures reaching a three-month peak above $94 during the session. If these price surges persist, they could quickly spark renewed inflation concerns, potentially generating risk-aversion waves throughout global financial systems. Investors should remain vigilant!
Read more: For analysis of today’s activity in altcoins and derivatives, see Crypto Markets Today . For a comprehensive list of events this week, see CoinDesk’s “Crypto Week Ahead.”
What’s trending
- Bitcoin’s golden cross is here (CoinDesk): Bitcoin’s golden cross has officially formed, though its reliability as an isolated metric remains mixed. This technical indicator triggers when a 50-day moving average crosses above the 200-day average, potentially paving the way for a broader market uptrend.
- Liquid Network gets back 3,400 bitcoin from whitehat hackers; talks underway for the rest (CoinDesk): The ethical hackers responsible for the recent Liquid Network exploit have largely honored their commitment by returning the vast majority of stolen funds following vulnerability patches. Around 598 BTC, valued at approximately $47 million, remains unreturned.
- Brent crude nears $100 after strikes on Saudi energy sites amid renewed Mideast hostilities (CNBC): Crude oil values escalated sharply on Tuesday after assaults on Saudi Arabian energy installations amplified worries regarding mounting tensions between the United States and Iran. November Brent futures increased 2.23% to reach $99.16, while West Texas Intermediate climbed 3.26% to $94.46 per barrel.
- Yen climbs to seven-month high on hawkish BOJ bets (Reuters): The Japanese yen strengthened to a near seven-month peak as rising expectations of a Bank of Japan interest rate adjustment next week forced bearish speculators to exit positions, placing additional pressure on the greenback prior to this week’s domestic inflation reports.
Today’s signal
This visual representation displays ether price movements through daily candlestick intervals.
Upward price momentum has recently stalled as buyers struggle to decisively break past the $2,500 to $2,550 resistance zone. This behavior reflects standard temporary buyer fatigue subsequent to a significant rally, which frequently precedes a minor market correction.
Should a retracement materialize, the 50-day moving average positioned just above $2,100 will likely act as the initial support boundary.
Originally published at https://www.coindesk.com/daybook-us/2026/09/08/bitcoin-etfs-are-still-usd1-billion-shy-of-breaking-even-in-2026.
