U.S. spot bitcoin ETFs added $98.85 million on August 7, extending their inflow streak to five straight trading days, while spot ether ETFs booked a fourth consecutive day of gains. Blackrock's IBIT and ETHA funds have driven most of the rebound, which follows a rough first half of 2026 that saw bitcoin ETFs post their first negative six-month stretch since launch.
U.S. spot bitcoin ETFs added $98.85 million on August 7, stretching their inflow streak to five straight trading days. Spot ether ETFs pulled in $49.60 million the same day, marking a fourth consecutive day of gains. Weekly bitcoin ETF inflows have now topped $750 million.
Bitcoin's streak holds without a down day
The streak traces back to Monday, August 3, and has run through Friday without a single down day. That contrasts with the choppy, stop-start pattern that defined bitcoin ETF flows for most of the year. Solana and XRP ETF products, by comparison, logged effectively zero net change on August 7.
Blackrock's IBIT drives the rebound
Blackrock's IBIT captured $479 million of the $626 million in total bitcoin ETF inflows over the Monday-through-Wednesday stretch that kicked off the run, or roughly 76% of everything that came in. Fidelity's FBTC added $19.6 million over the same three days, while ARK 21Shares' ARKB brought in $9.2 million and Bitwise's BITB added $8.7 million. Grayscale's older GBTC product has meanwhile shed a cumulative $27.47 billion since its ETF conversion in early 2024.
Ether ETFs move in Blackrock's shadow
The ether side of the rally follows an almost identical pattern. On August 5, spot ether ETFs added $60.86 million in total, with Blackrock's ETHA alone contributing $50.34 million, about 83% of the day's haul. Fidelity's FETH managed just $2.87 million, while Bitwise's ETHW and 21Shares' TETH each pulled in roughly $1.3 million, and Blackrock's staked-ether fund, ETHB, added a further $4.94 million on top of ETHA's haul.
What's fueling the turnaround
The rebound follows a rough stretch in which spot bitcoin ETFs recorded $5.4 billion in net outflows during the first half of 2026, their first negative half-year since the products launched in early 2024. A seven-session streak in July had briefly restored confidence, collecting nearly $1 billion. It snapped abruptly on July 24 with a single-day outflow of $225.18 million, and buyers returned in the first week of August.
Asset manager Franklin Templeton has pointed to the prospect of federal crypto market-structure rules as a potential turning point, suggesting the shift could eventually open bank balance-sheet liquidity to the asset class for the first time. Weak U.S. jobs data released this week also boosted rate-cut expectations, lifting risk appetite across equities and crypto alike as the S&P 500 closed the week at a record high.
Whether the streak extends into a second week depends largely on whether Blackrock's flows hold up once the current wave of institutional rebalancing runs its course.
Source: Bitcoin News
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