Spot Bitcoin ETFs See $853.5M Five-Day Inflow Streak

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In Bitcoin news today, US-listed spot Bitcoin ETFs recorded approximately $853.5M in net inflows across five consecutive trading sessions from Aug. 3 through Aug. 7, reversing the prior week’s withdrawals, according to CoinGlass data. BlackRock’s IBIT accounted for an estimated $693M of that total, or roughly 81% of category-wide inflows.

Bitcoin remained below $65,000 during the five-day streak. ETF demand supported the $64,000 area, but had not produced a confirmed breakout until now. This Monday morning trading session begins with BTC USD trading +0.8% since yesterday, breaking through $65K to trade at $65,200.

Last week’s ETF inflows for Bitcoin are a bullish sign for the market, and if this week continues in the same vein, it could provide the platform for a broader upside move across crypto through August.

Bitcoin News Today: Five Straight Inflow Days Bullish for BTC

Spot Bitcoin ETFs opened the period with $170.1M in net inflows on Aug. 3, followed by $211.5M on August 4. Inflows reached $244.4M on August 5, the strongest session of the week, before easing to approximately $128.8M on August 6 and $98.85M on August 7.

Ledger

Together, the five daily results totaled approximately $853.5M, with the precise total depending on rounding. The run represented a roughly $915M swing from the previous week, when the products recorded $61.5M in net outflows.

The streak followed a volatile end to July. Data shows that investors withdrew approximately $265M from the funds on July 31, including $123M from IBIT and $54.8M from Fidelity’s FBTC.

August’s five-session inflow total was already nearly five times the approximately $172.4M collected during all of July. It was about 395% higher than July’s full-month result after only five trading sessions.

In Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morningIn Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morning

(SOURCE: CoinGlass)

Bitcoin News: IBIT Accounted for Most of the Demand

IBIT attracted an estimated $693M over the five sessions, accounting for roughly 81% of total spot Bitcoin ETF inflows. The fund added $86.71M on Aug. 7 alone.

FBTC was the next-largest contributor over the week, with $40.95M in inflows. Bitwise’s BITB and ARK 21Shares’ ARKB added $2.11M and $1.94M, respectively.

Several funds recorded withdrawals during the same period. Invesco and Galaxy’s BTCO saw $19.37M in outflows, VanEck’s HODL lost $10.55M, and Hashdex’s DEFI recorded $2.94M in withdrawals. Those outflows were offset by inflows into other products, led by IBIT.

Total spot Bitcoin ETF net assets reached $79.50Bn by the end of August 7, equal to approximately 6.10% of Bitcoin’s market capitalization. Cumulative net inflows since launch stood at $52.18Bn, while the products generated $1.57Bn in daily trading value.

In Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morningIn Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morning

Ethereum ETFs Added to the Weekly Total

In non-Bitcoin news, US spot Ethereum ETFs attracted approximately $244.9M from Aug. 3 through Aug. 7, bringing combined Bitcoin and Ethereum ETF inflows to nearly $1.10Bn for the week.

Ethereum ETF products began the period with an $11.42M outflow on August 3. They then added $53.75M on Aug. 4, $60.86M on August 5, $92.15M on Aug. 6, and $49.60M on Aug. 7.

BlackRock’s ETHA collected $50.34M on Aug. 5, $81.14M on Aug. 6, and $38.15M on August 7. The Aug. 6 inflow coincided with Ethereum holding above $1,900 and approaching the $2,000 psychological level.

Total Ethereum ETF net assets reached approximately $10.74Bn, representing 4.65% of Ether’s market capitalization. As of today, ETH USD is trading for $1,920, up +0.8% over the past 24 hours.

In Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morningIn Bitcoin news today BTC ETFs drew $853.5M in five sessions, led by BlackRock's IBIT, as Bitcoin broke through $65K this morning

(SOURCE: CoinGlass)

Smaller Crypto ETF Categories Saw Limited Flows

Smaller crypto ETF categories did not show comparable demand during the week. HYPE products recorded roughly $1M in positive flows on August 5 and $2.84M on August 6.

XRP funds finished slightly negative after a $3.58M withdrawal on August 5 offset the $1.15M attracted on Aug. 3. Solana ETFs were broadly flat, with a $1M inflow on Aug. 4 largely canceled by an $859,500 withdrawal on August 6.

The figures showed that regulated crypto investment demand during the opening week of August was concentrated in Bitcoin and Ethereum products.

EXPLORE: Best Crypto Presales With Asymmetric Upside in the Current Market

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Alex Ioannou

Alex Ioannou

On-Chain Journalist

Alex is a seasoned cryptocurrency trader and market analyst with over seven years of active experience in the digital asset space. Since entering the markets in 2017, Alex has specialized in identifying emerging “meta” trends and high-volatility narratives. Notably, Alex…
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