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Institutional Money Charges into Bitcoin: ETFs Pull in $853 Million

After a bloody July, US spot Bitcoin ETFs have seen a dramatic reversal. BlackRock's IBIT dominates with 80% of all inflows, yet Bitcoin's price remains stuck below $66,000.

Foto: Wikipedia (Bitcoin)
Summary
  • US spot Bitcoin ETFs attracted $853.5 million in the first five days of August, the largest weekly inflow since April.
  • BlackRock's IBIT dominates the market with $693 million in inflows, accounting for 80% of the total.
  • Despite strong institutional interest, Bitcoin's price failed to break above the $66,000 level.
  • Ethereum ETFs attracted $245 million in the same week, with total inflows across both asset classes reaching nearly $1.1 billion.

Ethereum Follows Suit, Rest of Market Lags

The positive wave did not bypass the second-largest crypto market. US spot Ethereum ETFs attracted approximately $245 million in net capital during the same week. Although the week started with an outflow of $11.4 million on August 3, a reversal quickly followed with inflows of $53.8 million, $60.9 million, and a strong $92 million on August 6. The week closed with an additional $50 million on August 7. BlackRock's Ethereum fund, ETHA, also played a key role in attracting capital.

Bitcoin and Ethereum ETFs together accumulated nearly $1.1 billion in just five days, indicating a pronounced institutional preference for the largest and most liquid crypto assets. Smaller crypto ETF products have not attracted anywhere near comparable amounts.

All attention now turns to the release of July's Consumer Price Index (CPI) data in the US, scheduled for August 12. This macroeconomic indicator could decisively influence the direction of future inflows and, consequently, Bitcoin's struggle to break above $66,000.

FAQ
How much money flowed into Bitcoin ETFs in the first week of August? +
According to SoSoValue data, US spot Bitcoin ETFs attracted approximately $853.5 million in net inflows over five trading days, through August 7.
Which Bitcoin ETF attracted the most capital? +
BlackRock's IBIT is the absolute leader, attracting around $693 million, which accounts for more than 80% of total net inflows that week.
Why hasn't Bitcoin's price risen more significantly despite large inflows? +
The price is influenced by multiple factors, including selling pressure on crypto exchanges and derivatives. Additionally, on a year-to-date basis, ETFs are still down $4.5 billion, indicating longer-term selling pressure.
How did Ethereum ETFs perform in the same period? +
US spot Ethereum ETFs attracted approximately $245 million in net capital, with the strongest day being August 6 with over $92 million in inflows.

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