Raoul Pal claims Bitcoin's rise past $71,000 signifies the 'Bessent Put' and indicates a substantial signal.

Aug 20, 2026, 7:32 AM ETMarketRead the original at benzinga.com

Good for IBIT

BlackRock's Bitcoin ETF saw significant inflows, indicating strong investor interest and confidence in Bitcoin.

IBIT · BlackRock

AI read · Good for IBIT

The AI's read

Bitcoin ripped above $71k and U.S. spot Bitcoin ETFs saw monster inflows. BlackRock's IBIT led with $284.7m, so IBIT is the primary beneficiary. Market already paid attention — IBIT is up ~11% today and weekly ETF inflows topped $1B. That means a chunk is priced in and the regime is choppy. We lean bullish on IBIT because fresh, big inflows matter for an ETF's NAV and flows can sustain short-term upside. The rally is fast and macro whipsaw risk is high, so keep sizing tight and protect gains.

ARKB · ARK Invest

AI read · Good for ARKB

The connection

ARK's Bitcoin ETF also experienced substantial inflows, reflecting positive market sentiment towards Bitcoin.

FBTC · Fidelity

AI read · Good for FBTC

The connection

Fidelity's Bitcoin ETF reported significant inflows, contributing to the overall bullish sentiment in the Bitcoin market.

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