U.S.-listed spot Bitcoin ETFs absorbed $853.54 million in net inflows for the week ended Aug. 7, the strongest weekly total since mid-April, with BlackRock's IBIT taking $693 million of that sum. Bitcoin held near $65,100 as a weak July jobs report cooled bets on further Federal Reserve rate hikes. The funds still sit roughly $4.5 billion in the red for the year.
U.S.-listed spot Bitcoin ETFs pulled in $853.54 million in net inflows for the week ended Aug. 7, the largest weekly haul since mid-April, according to data from SoSoValue. BlackRock's IBIT accounted for the bulk of the activity, drawing $693 million on its own.
This inflow surge offers a tentative sign that institutions are dipping back in after the heavy selling earlier this year.
Bitcoin holds near $65,100 despite negative headlines
Bitcoin held steady around $64,000 early this week and traded near $65,100 as of the report, even as recent headlines turned negative. A multi-million-dollar Coldcard hack and rising government bond yields failed to dent the spot market.
Friday's unexpectedly weak U.S. jobs report for July cooled bets on further Federal Reserve rate hikes, potentially clearing the path for continued institutional buying in the ETFs.
Outflows still lead on the year
On a year-to-date basis, the ETFs remain roughly $4.5 billion in the red due to net outflows. That gap helps explain the heavy selling pressure seen during the first six months of the year, when Bitcoin fell 33% to below $60,000 by the end of June.
The takeaway, therefore, is that BTC needs consistently strong inflows to mount a meaningful price rally. Data from the previous bull run point the same way: between April and October 2025, BTC climbed from roughly $75,000 to a record high of $126,000. During that stretch, weekly ETF inflows exceeded $1 billion on several occasions.
Attention now shifts to the July U.S. CPI data, due on Aug. 12, a variable that could influence both ETF inflows and Bitcoin's price trajectory.
Source: CoinDesk
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