Bitcoin exchange-traded funds (ETFs) recorded $853.54 million in net inflows last week, their strongest showing since mid-April, with BlackRock’s IBIT accounting for the majority of the total.
Data from SoSoValue shows that for the week ending Aug. 7, Bitcoin ETFs attracted $853.54 million, marking the highest weekly inflow in several months.
BlackRock’s IBIT led the surge, pulling in $693 million on its own.
The rebound in inflows suggests institutional investors may be cautiously re-entering the market following heavy selling earlier this year.
Bitcoin’s price action has also shown signs of resilience. Despite negative developments—including a multi-million-dollar Coldcard hack and rising government bond yields—the spot market has held firm. Bitcoin hovered around $64,000 early in the week and was trading near $65,100 at the time of writing.
A weaker-than-expected U.S. jobs report for July has dampened expectations of additional Federal Reserve rate hikes, potentially supporting continued institutional demand for ETFs.
What lies ahead?
While the recent inflow spike is encouraging, it reflects only a single week of data. Year-to-date, Bitcoin ETFs are still down roughly $4.5 billion due to net outflows. This aligns with the heavy selling pressure seen in the first half of the year, when Bitcoin fell 33% to below $60,000 by late June.
The key takeaway is that sustained inflows will be necessary for Bitcoin to stage a meaningful recovery.
Past market cycles support this view. Between April and October 2025, Bitcoin climbed from around $75,000 to a record $126,000, with ETF inflows exceeding $1 billion in multiple weeks during that period.
Attention now turns to the July U.S. CPI data, scheduled for release on Aug. 12, which could influence both ETF flows and Bitcoin’s next price move.
