Bitcoin (BTC) Value Forecast: Bulls Eye $120Okay Regardless of Ethereum ETF Momentum…

Crypto-Spot ETF Market Stream Traits Drive Demand Shifts

Notably, the US BTC-spot ETF market trailed the ETH-spot ETF market by inflows, triggering the rotation into ETH.

In line with Farside Traders, the US BTC-spot ETF market recorded complete internet inflows of $253.2 million within the week ending August eight. Key weekly flows included:

• iShares Bitcoin Belief (IBIT) had weekly internet inflows of $188.9 million.
• Bitwise Bitcoin ETF (BITB) reported internet inflows of $62.three million.
• Grayscale Bitcoin Mini Belief (BTC) and VanEck Bitcoin ETF (HODL) recorded mixed internet inflows of $56.2 million.
• In the meantime, Constancy Clever Origin Bitcoin Fund (FBTC) noticed internet outflows of $55.2 million.

Regardless of weekly internet inflows, the US BTC-spot ETF market recorded complete internet outflows of $559.1 million in August so far.

Whereas BTC faces pivotal macro checks, ETH’s momentum could hinge on sustaining ETF influx dominance. The ETH-spot ETF market reported complete internet inflows of $461 million within the week ending August eight. After strong inflows for the week, the ETH-spot ETF market had complete internet inflows of $174.three million in August so far. ETH prolonged its profitable streak to 4 classes on August 9, as spot ETF inflows despatched the token above $four,000 for the primary time since December 2024.

See our in-depth ETH vs BTC ETF circulate breakdown right here.

Key Drivers for BTC Value Outlook

A number of macro and market components will drive BTC’s near-term outlook: