Bitcoin investors pour $853 million into spot ETFs. BlackRock’s IBIT claims the bulk — SkimNews
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- U.S. spot Bitcoin ETFs recorded $853.54 million in net inflows for the week ended Aug. 7, the strongest weekly haul since mid-April, as institutions tentatively returned after heavy earlier-year selling.
- BlackRock's IBIT alone attracted $693 million, accounting for the bulk of the weekly inflows and underscoring its dominance among the spot Bitcoin fund issuers.
- Bitcoin held steady near $64,000 early this week and traded at roughly $65,100 as of writing, shrugging off negative headlines including a multi-million-dollar Coldcard hack and rising government bond yields.
- Friday's weak July U.S. jobs report cooled bets on further Federal Reserve rate hikes, which the source frames as potentially clearing the path for continued institutional buying into the ETFs.
- Year-to-date flows remain roughly $4.5 billion in the red, consistent with the 33% price decline that took Bitcoin below $60,000 by the end of June during the first six months of the year.
- Historical benchmark: during the April–October 2025 run that took Bitcoin from about $75,000 to a record $126,000, weekly ETF inflows exceeded $1 billion on multiple occasions — a bar the latest $853 million week has yet to clear.
- The next catalyst is the July U.S. CPI print due Aug. 12, which the article flags as the key variable that could steer both ETF inflows and Bitcoin's price trajectory.
Why it matters: One strong week doesn't reverse a $4.5 billion year-to-date deficit, and the $853 million total still falls short of the $1+ billion weekly pace that preceded Bitcoin's 2025 run to $126,000. With the Aug. 12 CPI print looming and Fed rate-cut bets now in flux, BlackRock's IBIT is effectively carrying the institutional comeback on its own — meaning a softer-than-expected inflation reading is the most plausible trigger for sustained inflows, while a hot print risks snapping the tentative recovery.
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