Bitcoin’s (CRYPTO:BTC) latest rally is gaining a new source of momentum: institutional demand through spot ETF.
Bitcoin's Rally Is Shifting From Short Squeeze to ETF Demand as Inflows Hit $1.6 Billion
Bitcoin’s (CRYPTO:BTC) latest rally is gaining a new source of momentum: institutional demand through spot ETF.
Benzinga
Publisher
Aug 21, 2026 at 8:28 PM UTC · 2 分で読める

Key Signal
$1.6B ETF net inflows
Entities
bitcoin
Market Impact
BTC-0.22%$77,320
Last Updated
1日前
Bitcoin climbed more than 23% over the past week to around $77,500 on Friday, while U.S. spot Bitcoin ETFs attracted roughly $1.6 billion in net inflows from Monday through Thursday, their strongest weekly showing of 2026, according to data from The Block cited by The Wall Street Journal. Thursday alone accounted for about $606 million.
The surge is important because it could signal a shift in the drivers of Bitcoin’s rebound.
From Short Squeeze To ETF Demand
The initial rally was heavily fueled by forced buying. More than $4.3 billion in crypto short positions were liquidated as Bitcoin broke higher, creating a powerful feedback loop of short covering and rising prices.
But ETF flows offer a potentially more durable catalyst.
Standard Chartered analyst Geoff Kendrick said Bitcoin’s recovery has been supported by both short liquidations and recovering spot ETF inflows, according to Cointelegraph. He now believes his previous $100,000 year-end forecast may be too low, with Bitcoin potentially retesting its $126,000 all-time high before year-end.
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Market Context
Bitcoin
BTC
$77,320
-0.22% (24H)
Market Cap
$1.55T
24H Volume
$34.0B
24H High
$78,800
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