US spot Bitcoin exchange-traded funds (ETFs) pulled in almost $1 billion last week as institutional demand recovered. Crypto trading also kept Bitcoin within striking distance of the $80,000 level.
Spot Bitcoin ETFs recorded $986.9 million in net inflows during the week ended Sept. 4. This extended their positive streak to three consecutive weeks. That was up from $924.5 million the previous week, according to SoSoValue data.
US spot Bitcoin ETF flows (Source: SoSoValue)
BlackRock’s IBIT dominated the latest flows after attracting $691.5 million, roughly 70% of the weekly total. Despite the influx of capital, Bitcoin ETF trading volume cooled to $14.5 billion from nearly $19 billion a week earlier.
Ethereum funds also remained firmly in positive territory. US spot Ether ETFs brought in $218.4 million, which was their third straight week of inflows. Trading volume dropped to $4.1 billion from $6.3 billion.
Combined, the two largest crypto ETF categories attracted more than $1.2 billion during the week.
Crypto Trading Holds Up Despite Macro Uncertainty
The inflows follow a particularly strong August. Bitcoin ETFs attracted $3.52 billion during the month, their best monthly performance since September of 2025. Ethereum ETFs pulled in $1.85 billion, their strongest month since August of 2025.
BTC price action over the past week (Source: CoinCodex)
Prices have so far shown a more restrained response to the institutional buying. Bitcoin was trading at approximately $79,530 on Monday, up 1.73% over the past seven days, after reaching roughly $81,700 last Thursday. Ethereum was changing hands at around $2,495.57 after posting a stronger 2.26% seven-day gain.
ETH’s price action over the past week (Source: CoinCodex)
The next major test for crypto trading could come from US inflation data. Stronger-than-expected August employment figures have pushed market expectations toward another Federal Reserve rate hike, with markets pricing roughly a 57%-58% probability of an increase at September’s meeting.
That puts the Aug. CPI report, due Sept. 11, firmly in focus. A hotter inflation reading could pressure Bitcoin and other risk assets through higher rate expectations, while softer numbers could provide another catalyst for the crypto market.
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