Bernstein: Long-Term Bitcoin Holder Inflows and U.S. Spot ETFs Underpin Recent BTC and ETH Gains

Investment research firm Bernstein said Bitcoin's latest price rebound is mainly supported by strengthening long-term holder structures and ongoing capital inflows, Cointelegraph reports via ChainCatcher. Over the past week, BTC climbed about 7% and ETH around 9%, beating gold and major stock indexes, which Bernstein links to sustained net inflows into U.S. spot Bitcoin ETFs and continued corporate accumulation by companies such as Strategy. U.S. spot Bitcoin ETFs posted over $2.1 billion in net inflows across the last three weeks, with year-to-date net outflows narrowing to roughly $460 million and total assets under management near $92 billion. Glassnode data show about 60% of BTC supply has remained unmoved onchain for more than a year, while Bitcoin Treasuries figures indicate ETFs and exchanges hold around 1.6 million BTC and publicly listed companies own approximately 1.15 million BTC, with Strategy having bought 66,231 BTC year-to-date for about $5.6 billion at an average price near $85,000, taking its total holdings to more than 738,000 BTC.