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Balchunas Says Bitcoin Jump Was Fueled by $2 Billion of ETF Inflows, Supply Shortage

About $2 billion flowed into US spot-Bitcoin exchange-traded funds last week. Over the same period, Bitcoin surged from $64,000 to $77,000.

bloomingbit

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Aug 24, 2026 at 11:24 AM UTC · 1 min de lectura

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About $2 billion flowed into US spot-Bitcoin exchange-traded funds last week. Over the same period, Bitcoin surged from $64,000 to $77,000.

On August 24, Bloomberg ETF analyst Eric Balchunas wrote on X that Bitcoin ETFs took in about $2 billion last week, marking their best week since October 2025.

He also said Bitcoin climbed rapidly from $64,000 to $77,000 during that stretch.

Balchunas said the move showed one of the advantages of an asset facing a persistent supply shortage, arguing that Bitcoin's limited supply structure helped drive the rally.

#bitcoin #crypto #markets

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Originally reported by bloomingbit

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