Bitcoin Spot ETFs Draw $5.3B Since US Treasury Boosted Long-Bond Buybacks

The timing is the story here: ETF demand flipped from July outflows to a record-scale weekly haul right as the Treasury shifted its long-bond buyback stance, suggesting macro liquidity expectations, not crypto-native catalysts, are driving allocations. That matters for advisers and allocators treating spot ETFs as a rate-sensitive macro vehicle rather than a niche bet. Whether the inflows persist once buyback signaling fades — or reverses if the Treasury's posture changes — is the open question.