Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Bitcoin ETFs recorded $853.54 million in net inflows for the week ended Aug. 7, the strongest weekly haul since mid-April.
- BlackRock's IBIT attracted $693 million on its own — the bulk of the week's activity — signaling institutional concentration in the largest fund.
- Bitcoin held steady near $64,000 early in the week and traded at ~$65,100 as of writing, shrugging off negative headlines including a multi-million-dollar Coldcard hack and rising bond yields.
- Friday's weak July U.S. jobs report cooled bets on further Federal Reserve rate hikes, potentially clearing the path for continued institutional ETF buying.
- Year-to-date, the Bitcoin ETFs remain roughly $4.5 billion in the red from net outflows — a backdrop that drove BTC down 33% to below $60,000 by the end of June.
- Past bull cycles set a higher bar: between April and October 2025, Bitcoin rallied from ~$75,000 to a record ~$126,000, a period when weekly ETF inflows repeatedly exceeded $1 billion.
- The July U.S. CPI data, due Aug. 12, is the next key variable that could move both ETF flows and Bitcoin's price trajectory.
Why it matters: One week at $853 million doesn't undo the $4.5 billion YTD deficit — the source notes Bitcoin fell 33% to below $60,000 by end-June because inflows couldn't compensate for prior outflows. The historical benchmark from the April–October 2025 rally, when weekly inflows exceeded $1 billion and BTC ran from $75,000 to $126,000, shows what's actually required to mount a sustained price rally, putting the Aug. 12 CPI print squarely in focus for institutional allocators weighing whether to step back in.
Ask SkimNews
